MOFCOM: Promoting an Increase in Superior Foreign Investments in China
At a press conference on Thursday, Ling Ji, the vice minister of China's Ministry of Commerce, announced plans to enhance the services provided for foreign investment in the country.
TroibNews 
China is set to enhance its services for foreign investment, as stated by Ling Ji, the vice minister of China's Ministry of Commerce, during a press conference on Thursday.
Ling emphasized that one of the key goals for 2025 is to draw more high-quality foreign direct investment into the country's listed companies.
He also pointed out the need to refine regulations regarding the establishment of investment companies by foreign investors, the processes governing foreign mergers and acquisitions, and to provide support for foreign enterprises wishing to engage in China’s new industrialization initiatives.
According to Zhu Bing, director of the Department of Foreign Investment Administration at MOFCOM, by the end of 2023, China had 465,000 foreign-funded enterprises, an increase of 46,000 since 2019, and in 2024, there were 59,000 newly established foreign-funded enterprises nationwide, indicating a year-on-year growth of 9.9 percent.
Zhu acknowledged that while some multinational corporations have withdrawn from China, the overall count of foreign enterprises continues to rise.
As of 2024, nearly 1.24 million foreign-funded enterprises had been established in China, with the actual utilization of foreign capital reaching 20.6 trillion yuan, according to Ling.
Ling added that through active attraction and utilization of foreign investment, China has acquired advanced technologies and management skills, stimulated economic growth across different regions, boosted tax revenues, created numerous job opportunities, improved living standards, and diversified the supply of goods and services.
Camille Lefevre for TROIB News
Ling emphasized that one of the key goals for 2025 is to draw more high-quality foreign direct investment into the country's listed companies.
He also pointed out the need to refine regulations regarding the establishment of investment companies by foreign investors, the processes governing foreign mergers and acquisitions, and to provide support for foreign enterprises wishing to engage in China’s new industrialization initiatives.
According to Zhu Bing, director of the Department of Foreign Investment Administration at MOFCOM, by the end of 2023, China had 465,000 foreign-funded enterprises, an increase of 46,000 since 2019, and in 2024, there were 59,000 newly established foreign-funded enterprises nationwide, indicating a year-on-year growth of 9.9 percent.
Zhu acknowledged that while some multinational corporations have withdrawn from China, the overall count of foreign enterprises continues to rise.
As of 2024, nearly 1.24 million foreign-funded enterprises had been established in China, with the actual utilization of foreign capital reaching 20.6 trillion yuan, according to Ling.
Ling added that through active attraction and utilization of foreign investment, China has acquired advanced technologies and management skills, stimulated economic growth across different regions, boosted tax revenues, created numerous job opportunities, improved living standards, and diversified the supply of goods and services.
Camille Lefevre for TROIB News
