New Foreign Invested Enterprises in China Rise 102.7% for January-August
China has seen a sharp rise in the number of new foreign-invested enterprises established during the first eight months of 2018.
Ministry of Commerce data indicates that a total of 41,331 new foreign-invested enterprises were established in China during the period from January to August, for a year-on-year rise of 102.7%.
560.43 billion yuan in foreign capital was actually used, for a YoY rise of 2.3%, or 6.1% if calculated in US dollar terms of $86.5 billion.
6,092 new foreign invested enterprises were established in China in August, for a YoY rise of 126.8%.
63.72 billion yuan in foreign capital was actually used, for a YoY rise of 1.9%, or 11.4% if calculated in US dollar terms of $10.43 billion.
The manufacturing sector saw actual use of 172.12 billion yuan in foreign capital for the period from January-August, for YoY growth of 8.7%, accounting for 30.7% of the total.
The hi-tech manufacturing sector saw actual use of 56.26 billion yuan in foreign capital, for YoY goeth of 29.2%.
In terms of capital sources for January-August, Singapore saw a 17.2% YoY increase in actual investment amounts, South Korea a 56.9% increase, Japan a 33.4% increase, the UK a 151.7% increase, the US a 23.6% increase and Macau a 73.1% increase.
Actual foreign investment from ASEAN increased 27.2% YoY, while investment from Belt and Road nations rose 26.3%.
Domestic Chinese investors made actual non-financial outbound foreign direct investments worth a total of $74.09 billion during the period from January to August, for YoY growth of 7.8%.
These outbound foreign direct investments were made in 4,309 offshore enterprises situated in 153 countries around the globe.