A total of 28, 748 foreign-invested enterprises have been established in China from January to August, an 11.73 percent increase as against same period of last year. The contractual foreign investment amounts to US$ 93.792 bln, a year-on-year rise of 38. 89. And the materialized foreign investment reaches US$ 43.559 bln, 18. 77 percent higher than corresponding period last year, statistics from the Ministry of Commerce say.

By the end of August, China has ratified establishment of 494, 025 foreign-invested enterprises with contractual foreign investment of US$ 1,036.921 bln and materialized amount of US$ 545.029 bln. Foreign investment has accounted for 10 percent of fixed assets investment in China, and the foreign-invested enterprises' import and export value represents over 50 percent of China's foreign trade volume.

The quality of foreign investment has been improved this year due to the Chinese government's measures of macro control. With improving of the environment for investment, more than 400 enterprises out of world's top 500 have come to invest in China. Almost all the leading automobile giants and top 100 IT companies have entered the Chinese market. China has been regarded as the most attractive place for investment by the world community. The foreign enterprise's confidence to investment in China has been growing. The emphasis of investment has shifted from manufacture to fundamental industries, infrastructures and high-tech industries. The high-tech projects of integrated circuit, computer, and communication products have witnessed increasing inflow of foreign investment. More and more multinational companies have set up R&D centers in China. Commerce, foreign trade, telecom, finance and insurance have become hotspot for a new round of investment.

By People's Daily Online