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The number of foreign enterprises in China already surpasses 430,000 with registered capital of US $2.1 trillion
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14:08, December 25, 2008

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The scale of foreign enterprises investing in China continues to expand this year. As of the end of November this year, the number of foreign-invested enterprises registered in China reached 434,600, up by 28,200, or 7%, from the end of last year. The total registered capital was US $2.1 trillion, up by US $940 billion, or 81%, from the end of last year.

According to Zhou Bohua, Minister of the State Administration for Industry and Commerce, the nation's economic condition has considerably become more difficult since the second half of this year due to the impact from the international financial crisis. To ensure full implementation of the central government's policies of expanding domestic demand and stimulating economic growth, various levels of industry and commerce departments have established a "green channel" service for corporate registration. This is aimed at improving the management of foreign-invested enterprises' registration and facilitating foreign companies' direct investments to help maintain the momentum of favorable development.

Zhou said next year the government will continue to optimize the environment and create new mechanisms to promote healthy development of China's foreign-invested enterprises.

By People's Daily Online

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