Some 229,000 new foreign-invested enterprises were established in China during the 14th Five-Year Plan period (2021-2025), 25,000 more than those in the previous Five-Year Plan period, Ling Ji, vice minister of commerce and deputy China international trade representative, said at a press conference in Beijing on Friday.
Ling also said China has achieved its target ahead of schedule for actual use of foreign direct investment (FDI).
"The expected targets have been smoothly realized. By the end of June, China's actual use of FDI during the 14th Five-Year Plan period had totaled 708.73 billion U.S. dollars, achieving the 700-billion-dollar target put forward in the plan six months ahead of schedule. Some 229,000 new foreign-invested enterprises were established during the period, 25,000 more than in the 13th Five-Year Plan period (2016-2020). Foreign-invested enterprises contributed one-third of China's foreign trade, one-fourth of value-added industrial output, and one-seventh of tax revenues. They have also created more than 30 million jobs during this period, and made important contributions to China's economic and social development," Ling said.
China has seen a marked improvement in the quality of foreign capital use. In 2024, high-tech industries attracted 34.6 percent of foreign investment, up six percentage points from 2020, Ling noted.
To foster a favorable environment for foreign businesses, the Commerce Ministry has held more than 30 roundtable meetings since 2023, helping address over 1,500 concerns for foreign-funded firms, he said.
China has 229,000 more foreign-invested enterprises during 14th Five-Year Plan period
