442,000 for­eign-funded com­pa­nies es­tab­lished

China Daily (Hong Kong) - - BUSINESS DIGEST -

About 442,000 for­eign-in­vested com­pa­nies had been set up in China by the end of July, up 0.26 per­cent from a month ear­lier, ac­cord­ing to a re­port re­leased by the State Ad­min­is­tra­tion of In­dus­try and Com­merce on Mon­day. Their reg­is­tered cap­i­tal fell 0.03 per­cent from a month ear­lier to 12.09 tril­lion yuan ($1.95 tril­lion). In July, the num­ber of newly reg­is­tered for­eign-funded com­pa­nies in­creased 3.11 per­cent from a month ear­lier to 3,000. Amid the lack­lus­ter global eco­nomic en­vi­ron­ment, multi­na­tional com­pa­nies scaled back their in­vest­ment in China.

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