The number of newly established foreign-invested enterprises increased by 23.3% year on year last year

2022-05-20 0 By

Beijing, February 19 (Lin Li li) — The State Administration for Market Regulation recently learned that China will establish 61,000 foreign-invested enterprises in 2021, up 23.3% year on year, 2.5% more than 2019, 10.8 percentage points higher than the overall growth rate of new enterprises in the same period.The growth of newly established foreign-invested enterprises in China fully demonstrates the continuous improvement of China’s business environment and the strong attraction of its super-large market.Foreign investment continues to be optimistic about the Chinese market, and the focus of investment is gradually shifting to high-tech fields.As China’s economy shifts from high-speed growth to high-quality development, the focus of foreign investment has gradually shifted from labor-intensive industries to high-tech fields, and the investment structure has been further optimized.In 2021, the tertiary industry accounted for 91.2 percent of newly established foreign-invested enterprises, among which the growth rate of newly established enterprises in scientific research and technology service industry was 42.0 percent.The co-development of China’s various ownerships has created a favorable situation of complementary industries and synergy in the market, which has vigorously promoted the continuous improvement of China’s overall national strength and global competitiveness, and further promoted integrated innovation and high-quality development, it said.People’s Daily (February 20, 2022 Edition 01)