The number of new foreign-invested enterprises established in China during the first nine month of 2018 has seen a nearly doubling compared to the same period in 2017.
Data released by the Ministry of Commerce indicates that 45,922 new foreign-invested enterprises were established in China during the period from January to September, for a YoY increase of 95.1%.
Actually used foreign capital was 636.7 billion yuan for the period, for a YoY rise of 2.9%.
Actually used foreign capital in the Chinese manufacturing sector saw a YoY rise of 9.6% to hit 199.26 billion yuan, while in hi-tech manufacturing it saw a 22.5% leap to reach 64.74 billion yuan.
In the month of September a total of 4591 new foreign invested enterprises were established, for a YoY rise of 45.71%, while actually used foreign capital was 76.27 billion yuan, for an increase of 8%.
Beijing flagged greater efforts to open the economy to foreign investment at the 19th National Chinese Communist Party Congress held in October last year, as well as the Boao Forum held in April of 2018.
These measures included the cancellation of restrictions on foreign ownership of key financial institutions in China, and the removal of certain barriers to investment in the Chinese automobile sector.
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