Published: 17:18, January 19, 2024 | Updated: 17:35, January 19, 2024
Number of new foreign-invested firms rise 37% in China in 2023

Stitched photo taken on June 21, 2018 shows scenery of the Lujiazui area in Pudong of Shanghai, east China.(PHOTO / XINHUA)

BEIJING - The number of newly established foreign-invested enterprises reached 53,766 in 2023 in China, representing a growth of 39.7 percent year-on-year, latest data from the Ministry of Commerce showed on Friday.

The actual foreign direct investment, which remained at a high level, hit more than 1.13 trillion yuan (about $160 billion), down 8 percent year-on-year, according to the data.