China continues to shine as a top global destination for foreign investment, according to official data released on Thursday. Chinese Foreign Ministry spokesperson Mao Ning shared that the number of foreign-funded companies in the country has soared to nearly 1.24 million by 2024, with actual utilized foreign investment reaching 20.6 trillion yuan (approximately $2.87 trillion).
In 2024 alone, China saw the establishment of about 60,000 foreign-invested enterprises, marking a 9.9% increase compared to the previous year. Over the past five years, the return rate of foreign direct investment (FDI) in China has consistently hovered around 9%, ranking among the highest worldwide.
This year’s government work report emphasizes China’s commitment to encouraging foreign investors to deepen their investments. The country pledges equal treatment for foreign-funded enterprises in areas such as access to resources, licensing, standards setting, and government procurement.
“No matter how the external environment changes, China has always fulfilled its commitment to high-level opening up,” Mao Ning stated during the news briefing. “China welcomes foreign companies to invest and deepen their presence here to share in its dividends and achieve common development.”
