By the end of last year, China had 961,000 foreign-invested enterprises

According to the report "40 years of multinational companies investing in China" released by the Research Institute of international trade and economic cooperation of the Ministry of Commerce on September 19, multinational companies have become important participants, witnesses and beneficiaries of China's reform and opening up. By the end of 2018, China had established 961000 foreign-invested enterprises, with the actual use of foreign investment of US $2.1 trillion. The report was released at the opening ceremony of the first Qingdao summit of leaders of multinational companies on the same day. The report points out that since 1992, China has been the developing country that has absorbed the most foreign investment for 27 consecutive years.

Among the best investment destinations of global multinational enterprises in 2017-2019, China continues to rank second in the world and first in developing countries. The report points out that at the beginning of reform and opening up, overseas enterprises, including transnational corporations, began to enter China for investment and operation, with investment scale from small to large, investment level from low to high, and investment area from coastal to inland. At present, foreign-invested enterprises account for less than 3% of China's enterprises, but they have contributed nearly half of China's foreign trade, a quarter of the output value and profits of Industrial Enterprises above Designated Size, and a fifth of their tax revenue, which has become an important part of China's economy. Over the past 40 years of reform and opening up, the investment structure of multinational companies has been continuously optimized, which is highly consistent with China's economic transformation.

According to the report, in the early stage of reform and opening up, foreign investment concentrated in labor-intensive manufacturing. In 2011, the proportion of foreign capital utilized by China's service industry exceeded that of manufacturing industry for the first time. In the first seven months of this year, 97.39 billion yuan of foreign investment was actually used by high-tech service industries, mainly including R & D and design, scientific and technological services, inspection and testing services, an increase of 63.2% year on year. Gu Xueming, President of the Institute of international trade and economic cooperation of the Ministry of Commerce, said that transnational corporations are an important part of China ' Continue to attach great importance to deepening investment in China. It was introduced that the Qingdao summit of leaders of multinational companies was approved by the State Council and co sponsored by the Ministry of Commerce and the people's Government of Shandong Province. It is the first high-level meeting around multinational companies at home and abroad, and is committed to creating a new international, institutionalized and branded international forum for China's expanding opening up. At the opening ceremony, 115 world top 500 enterprises and 197 industry leaders attended the meeting.