Yan Dong, Deputy Minister of the Ministry of Commerce: By 2025, the number of newly established foreign-funded enterprises will exceed 70,000 for the whole year, an increase of 19.1%.

Yan Dong, Deputy Minister of Commerce, stated at a press conference of the State Council Information Office on the 26th that, in terms of attracting foreign investment, we are making greater efforts to attract and utilize foreign investment, expanding the service sector in an orderly manner, continuously enhancing the "Invest in China" brand, establishing more than 70,000 new foreign-funded enterprises throughout the year, an increase of 19.1%. The amount of foreign investment attracted reached 747.69 billion yuan, with the proportion of investment in high-tech industries reaching 32.3%. In terms of outbound investments, we are promoting international cooperation in production and supply chains, promoting the integration of trade and investment, and deepening economic and trade cooperation under the Belt and Road Initiative. Improving the overseas comprehensive service system, the total non-financial outbound direct investment reached 1 trillion yuan throughout the year, an increase of 1.6%, and the new contract value of overseas contracted projects reached 2.1 trillion yuan, an increase of 8.5%.