China is opening its doors wider to foreign investors! 🇨🇳💼
During a press conference on Thursday, Ling Ji, vice minister of China's Ministry of Commerce (MOFCOM), announced plans to enhance services for foreign investments. The goal? Attracting more high-quality foreign direct investment into China's listed companies by 2025. 📈✨
Ling emphasized the need to optimize regulations for establishing investment companies, streamline the rules and procedures for foreign mergers and acquisitions, and support foreign enterprises in joining China's new industrialization journey. 🏭🔧
By the end of 2023, China hosted 465,000 foreign-funded enterprises, up by 46,000 since 2019. In 2024 alone, 59,000 new foreign-funded enterprises were established, marking a 9.9% year-on-year growth. 🚀🌟 Zhu Bing, director of the Department of Foreign Investment Administration at MOFCOM, highlighted that despite some multinational corporations scaling back, the overall number of foreign enterprises in the country continues to rise.
As of 2024, nearly 1.24 million foreign-funded enterprises operate in China, with the actual use of foreign capital reaching a whopping 20.6 trillion yuan ($2.83 trillion). 💰🌏
By actively attracting and utilizing foreign investment, China is advancing its technologies and management practices, promoting economic development across various regions, increasing tax revenues, creating numerous jobs, improving living standards, and enhancing the supply of goods and services for everyone. 🌟📊
Reference(s):
MOFCOM: Encouraging more high-quality foreign investment in China
cgtn.com
