Number of new foreign-invested firms reflects the vitality of China's economy

ON FRIDAY, the National Bureau of Statistics released economic data for the first three quarters of the year, which shows that the national GDP grew by 6.2 percent in this period year-on-year. Besides, there were 30,871 newly established foreign-invested enterprises in China in that period, using foreign direct investment of 683.2 billion yuan ($96.4 billion). Beijing News comments:

These two achievements come at a time when the total volume of global FDI has dropped for three successive years, which shows the enthusiasm of foreign investors to come to China.

There are more than 100 foreign-invested enterprises formed in China every day on average. More importantly, the structure of them is being improved, with more investing in high-tech sectors and R&D, instead of the traditional manufacturing and the service sector.