CSSN-Reform improves domestic environment for FDI

Reform improves domestic environment for FDI

Author : Source : Chinese Social Sciences Today 2016-12-26

China’s FDI in the nonfinancial sectors hit a new record and continued to grow in 2015, according to the 2016 China Foreign Investment Development Report released by the University of International Business and Economics on Dec. 8 in Beijing. Nearly 27,000 nonfinancial foreign-invested companies were approved last year in China, an annual growth of about 12 percent. Foreign capital of actual utilization has increased by 5.61 percent and hit about $126 billion, making China the third-largest destination for foreign capital. The report shows structural reform has improved FDI environment in China. For example, foreign capital in actual use in the high-tech manufacturing sector increased by 9.5 percent, reaching about 58 billion yuan ($8.4 billion), and greatly outpacing the average. The connection between FDI and green development has been emphasized and foreigninvestment enterprises continued to improve their sense of social responsibility in 2015, according to the report.

Editor: Yu Hui