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China's new development, world's new opportunities

chinadaily.com.cn | Updated: 2024-03-13 06:40
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A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. [Photo/IC]

Foreign investment in China at a high level

With a population of over 1.4 billion and a middle-income group of over 400 million, China is a large market with the most potential in the world and a strong attraction for international investors. The Chinese economy continues to grow, creating opportunities for companies from all over the world.

In 2023, 53,766 foreign-invested enterprises were newly established in China, an increase of 39.7 percent year-on-year. The actual use of foreign capital was 1.13 trillion yuan, which was still high in scale. The actual use of foreign capital in high-tech manufacturing increased by 6.5 percent year-on-year. High-tech industries attracted 423.34 billion yuan, accounting for 37.3 percent of the total amount of actually used foreign capital, which was 1.2 percentage points of growth over 2022, and a record high.

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