Steel_Steel products_The price of steel_Langesteel

China's stable, prosperous economy draws more foreign investment2019/5/21 9:03:45(Beijing Time) Lange Steel

The high-quality development of the Chinese economy, as well as the country's ongoing reform and opening-up, has continued to attract foreign investment in the first half of the year, People's Daily reported.

The Shanghai Municipal Government issued on May 6 certificates of regional headquarters and R&D centers to 27 overseas companies, including Apple, Honeywell and Nike, indicating more multinationals are expanding their businesses in China. Investment guru Warren Buffett also said his company Berkshire Hathaway would add more investment to China at a shareholder meeting early this month in the US.

Statistics from the Beijing Municipal Commerce Bureau showed that, in the first quarter, the capital attracted 45 foreign enterprises ranging from information transfers to software and information technology services, up 50 percent year-on-year, with actual use of foreign capital reaching $1.29 billion, up 3.1 times on a yearly basis.

According to statistics from the Ministry of Commerce, China set up 13,039 new foreign-funded enterprises through April this year, and the actual use of foreign capital reached $45.14 billion, up 6.4 percent year-on-year.

High-tech manufacturing and the service industry stand out as highlights in foreign investment in the first four months, with the actual use of foreign capital of the former reaching 33.4 billion yuan ($4.83 billion), up 12.3 percent, and that of the latter up 73.4 percent to 52.5 billion yuan during the same period.

Major countries investing in China sustained their efforts at a higher pace during the Jan to April period, with investment from South Korea and Germany increasing 114.1 percent and 101.1 percent respectively. Actual investment from the EU grew 17.7 percent during the same period, and the ASEAN countries invested in 437 new enterprises, an increase of 33.6 percent.

Countries involved in the Belt and Road Initiative established 1,050 new enterprises in China in the first four months, a growth of 23.5 percent, and the trade volume between China and these economies exceeded $6 trillion in the past six years.

The central and western regions of China, as well as the country's free trade zones, witnessed a steady increase of foreign investment through April, with the actual use of foreign capital in the western region up 9.6 percent to 21.2 billion yuan, and that of the free trade zones up 11.8 percent.

  • Lange Singapore Business Trip ..

    To build The Belt and Road \"iron and steel industry business cooperation platform, Lange steel network organized a series of international busin.....

  • TUBE, WIRE, METAL AND WELDING ..

    TEKNO is a biannual trade show covering the industries of TUBE, WIRE AND CABLE, WELDING AND CUTTING and METAL and is the best professional trade show .....

  • Lange Belt and Road Initiative..

    Lange Belt and Road Initiative Business Trip to Russia will hold on 6-10th June, 2017. At present, countries in Asia and Europe are at a critical s.....

  • 2025 China(Guangzhou)INT&apo..

    Governed By:Ministry of Commerce of the People's Republic of China Department of Foreign TradeApproved By:The Department of Foreign Trade &a..

    2024-07-19
  • 2024 China (Guangzhou) Interna..

    Governed By:Ministry of Commerce of the People's Republic of China Department of Foreign TradeApproved By:The Department of Foreign Trade &a..

    2023-09-14
  • 2023 Guangzhou International M..

    Governed By:Ministry of Commerce of the People's Republic of China Department of Foreign TradeApproved By:The Department of Foreign Trade &a..

    2022-12-22