China sees 9.9 pct growth in new foreign-invested firms last year

XIAMEN, Sept. 9 (Xinhua) -- China saw around 59,000 newly-established foreign-invested enterprises in 2024, up 9.9 percent year on year, according to a statistical bulletin released Tuesday.

The actual use of foreign capital reached 116.24 billion U.S. dollars last year, sustaining China's position as the largest recipient of foreign capital among developing economies, according to the report released by the Ministry of Commerce at the 25th China International Fair for Investment and Trade in Xiamen.

The structure of foreign investment in China continued to improve, with high-tech industries accounting for 34.6 percent of the total foreign capital.

The top 15 source countries and regions remained largely stable, contributing 112.28 billion U.S. dollars, or 96.6 percent of the actually utilized foreign capital.

The report indicated that foreign-invested enterprises contributed significantly to China's economic and social development in 2024, with their total import and export values reaching about 1.8 trillion U.S. dollars, accounting for 29.2 percent of the country's total foreign trade.