Arab Today, arab today foreignfunded companies in china total 446400
Last Updated : GMT 21:09:51
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Foreign-funded companies in China total 446,400

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Arab Today, arab today Foreign-funded companies in China total 446,400

Beijing - QNA

The number of foreign-funded companies in China rose 0.37% from a month earlier to 446,400 by the end of November, according to official data. Total registered capital of foreign-funded companies increased 0.88% from a month ago to 12.32 trillion yuan about (2.02 trillion US dollars), the State Administration of Industry and Commerce (SAIC) said in a report. Due to the economic slowdown in China and the rest of the world, foreign companies have slowed down their investments in China since 2012, according to China's (Xinhua) News Agency. China's actual use of foreign direct investment (FDI) dropped 3.7% year on year in 2012, compared with an increase of 9.72% posted in 2011, data from the Ministry of Commerce showed. In the first 10 months of the year, FDI into the country edged up by 5.77%. According to the SAIC report, China had 15.04 million companies by the end of November, up 1.35% month on month. Their total registered capital rose 1.36% to 95.29 trillion yuan.

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