A visitor experiences an IOLMaster 500 device at the booth of German technology enterprise ZEISS during the third China International Import Expo (CIIE) in Shanghai, east China, Nov. 6, 2020. (Xinhua/Chen Yehua)
BEIJING, March 2 (Xinhua) -- A total of 51,000 new overseas-funded enterprises were set up in China last year since China's foreign investment law came into effect on Jan. 1, 2020, an official said recently.
The implementation of the foreign investment law has achieved remarkable results and effectively guaranteed the country's utilization of foreign capital amid the COVID-19 pandemic, said Zang Tiewei, a spokesperson for the Legislative Affairs Commission of the National People's Congress Standing Committee.
According to Zang, China has become the world's largest foreign capital inflow country, as foreign investment to China has surged 4.5 percent year on year in 2020, hitting a record high.
About 9,000 new joint ventures were established by foreign investors and Chinese natural persons in 2020 and nearly 100 foreign-funded companies participated in the formulation and revision of national standards. (Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)
A single purchase
