Increase in foreign invested firms by 0.93 pc: report

About 440,900 foreign invested firms were set up in China till June this year registering a 0.93 per cent year on year increase, according to an official report released today.
The registered capital rose by 6.99 per cent from a year earlier to USD 1.95 trillion, according to the State Administration of Industry and Commerce (SAIC) report.
In the first half of this year, the number of newly-registered companies fell by 6.74 per cent to 16,600.
The registered capital increased 4.08 per cent to over USD 62 billion. Amid the lacklustre global economic environment, multinational companies scaled back their investment in China.

The actual use of foreign direct investment (FDI) declined for eight consecutive months since June 2012, but posted a slight recovery since then, state-run Xinhua news agency reported.
According to the SAIC report, China had 14.08 million business enterprises by the end of June, up 7.62 per cent year on year.
Their registered capital rose 15.3 per cent to 89.02 USD 15 trillion.