Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, July 18 (Xinhua) — China has achieved the target for the actual utilization of foreign direct investment (FDI) for the 14th Five-Year Plan period (2021-2025) ahead of schedule, Vice Minister of Commerce and Deputy China's International Trade Representative Lin Ji said Friday.
He said at a press conference that from 2021 to the end of June 2025, China's actual FDI utilization reached US$708.73 billion, achieving the target of US$700 billion six months ahead of schedule.
During this period, about 229 thousand new enterprises with foreign capital were created, which is approximately 25 thousand more than during the 13th five-year plan (2016-2020), he noted.
Foreign-invested enterprises accounted for one-third of China's foreign trade turnover and one-quarter of its industrial added value, and over the same period, these investments created more than 30 million jobs, Lin Ji added.
According to him, the country has seen a noticeable improvement in the quality of foreign investment use. In 2024, high-tech industries accounted for 34.6 percent of attracted foreign investment, which is 6 percentage points more than in 2020.
To create a favorable environment for foreign businesses, the Ministry of Commerce has held more than 30 roundtable meetings since 2023, helping to resolve more than 1,500 issues related to foreign-invested enterprises, according to Lin Ji. -0-
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