According to World Bank's Doing Business report, China advanced to a global ranking of 46 this year regarding business environment, up from 78 last year. It has been included among the top 10 fastest global reformers for two years in a row.
Last year, China received 941.52 billion yuan ($140.64 billion) in foreign investment, ranking the first among developing countries and the second of the world. The figure stood at 619.78 billion yuan in the first 8 months this year despite of the impacts of COVID-19, growing 2.6 percent from a year ago.
According to the Report on the Latest Development in IPR Protection and Business Environment in China (2019), 59,800 foreign-funded companies were newly established in China in 2019, making the total number to 627,000. Besides, the number of foreign-funded projects with investment of at least $100 million reached 834. Statistics from China's Ministry of Commerce (MOFCOM) also indicated that 22,602 foreign-funded firms started operation in China during the January-August period this year.
According to statistics, China had 87.05 million market entities as of the end of 2016, and the figure reached 123 million last year. By the end of July, the number of registered market entities in China had hit 132 million, with 64,000 being newly added each day in the first seven months this year.
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