16 September 2019

Foreign-funded firms at 440,900 as of Sept, Xinhua says

The number of foreign-funded companies in China rose 0.24 percent to 440,900 by the end of September from the previous month, Xinhua news agency reported over the weekend, citing data from the State Administration of Industry and Commerce (SAIC). Total registered capital of foreign-funded companies increased 5.53 percent to 12.14 trillion yuan (1.98 trillion U.S. dollars). Due to the nation’s lackluster economic growth, foreign companies have slowed down their investment in China, the report said. The actual use of foreign direct investment has declined for eight consecutive months from June 2012, but has posted year-on-year rises since February this year, data from the Ministry of Commerce showed. China had 14.69 million companies by the end of September, up 9.42 percent from the previous month, while their combined registered capital rose 16.18 percent to 93 trillion yuan, according to SAIC.

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