tesla's energy storage plant in eastern shanghai's lin-gang special area broke ground on thursday. [photo provided to chinadaily.com.cn]
the number of newly established foreign-invested businesses in china hit 16,805 in the first four months of 2024, up 19.2 percent year-on-year, data released by the ministry of commerce showed on friday.
the foreign direct investment in china stood at 360.2 billion yuan ($49.73 billion) between january and april, dropping 27.9 percent on a yearly basis, the ministry said in an online statement.
in terms of the fdi structure, the country's manufacturing sector has attracted 103.69 billion yuan of foreign capital during this four-month period, up 2.8 percentage points in the whole fdi portfolio compared to that of the same period last year.