442,000 foreign-funded companies established
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.