New Foreign Invested Enterprises in China Rise Nearly 30% in 2021

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The number of new foreign invested enterprises established in China in 2021 rose by nearly 30% compared to 2020, according to the latest raft of official data.

China saw the establishment of 43,370 new foreign invested enterprises during the period from January to November 2021, for an increase of 29.3% compared to the same period in 2020, according to data released by the Ministry of Commerce (MOFCOM) on 2 January.

New Japanese-invested enterprises saw an increase of 32.1%, while South Korean-invested enterprises rose 31.6%, US-invested enterprises 30.2% and EU-invested enterprises 28.9%.

Manufacturing sector foreign invested enterprises increased 24.1% and services sector enterprises 30.1%.

New foreign invested enterprises in the tech sector grew by 25.4% in January – November 2021 compared to the same period in 2020, accounting for 28% of all new foreign invested enterprises.

MOFCOM spokesperson Gao Feng (高峰) said that China had continued to optimise the foreign investment environment in 2021, further increasing the level of openness by contracting the negative investment list, and increasing the convenience of foreign investment.

“We will continue to drive high-level external opening, continually strengthen foreign investment service guarantees, raise work levels for attracting foreign investment, strengthen protections for the rights and interests of foreign investors, and create a more market-based, rule-of-law based and internationalised commercial operating environment,” said Gao.

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