On August 30th, the Statistics Bureau issued a report saying that China has continuously improved its openness, promoted investment facilitation, improved the investment environment, and continuously improved the quality and efficiency of foreign capital utilization. In 2017, China actually used foreign capital of US$136.3 billion, making it the second largest foreign capital inflow country in the world.

According to the report, since the reform and opening up, the quality and efficiency of China's use of foreign capital has increased significantly, and the business environment has continued to improve. Mainly presents the following three characteristics:

First, the scale of utilizing foreign capital is constantly expanding. In the early days of reform and opening up, China’s use of foreign capital was small, and the main method was external borrowing. In 1983, China actually utilized foreign capital of 2.26 billion US dollars. Since the reform and opening up, China has used more than 2 trillion US dollars of foreign direct investment. In 2017, China’s actual use of foreign capital was US$136.3 billion, 60 times that of 1983, with an average annual growth rate of 12.8%. As of the end of 2017, there were nearly 540,000 foreign-funded enterprises registered. In 2017, China was the second largest foreign capital inflow country in the world. Since 1993, the scale of utilizing foreign capital has ranked first among developing countries.

Foreign-funded enterprises have played an important role in expanding imports and exports and increasing fiscal revenue. In 2017, the import and export volume of foreign-invested enterprises was 12.4 trillion yuan, accounting for 44.8% of the total import and export of China's goods, and the tax revenue was 2.9 trillion yuan, accounting for 18.7% of the national tax revenue.

Second, the use of foreign capital structure is improving day by day, and the industrial structure is continuously optimized. Since the reform and opening up, China's use of foreign capital has experienced a process of increasing the scale of the Secondary Industry, increasing its proportion, increasing the scale of the Secondary and Tertiary Industries, and increasing the proportion of the Tertiary Industry. Since the 18th National Congress of the Communist Party of China, the quality of foreign capital utilization has been further improved, and foreign capital has flowed more to high-tech industries. In 2017, the proportion of foreign capital utilized by high-tech industries accounted for 27.4%, an increase of 13.6 percentage points from 2012 and an average annual growth rate of 18.4%.

The regional layout is more reasonable. In 2017, the actual use of foreign capital in the central region was US$8.3 billion, an increase of 17.1% year-on-year; the newly established foreign-funded enterprises in the western region increased by 43.2% year-on-year.

Third, the foreign investment environment continued to improve and the foreign investment management system was gradually optimized. As the basis for guiding the management of foreign investment projects, the "Guidance Catalogue for Foreign Investment Industries" has been revised seven times since it was first promulgated in 1995. The foreign investment quota has been greatly relaxed, and restrictive measures have been reduced to 63. The level of openness in service industry, manufacturing industry, mining industry and other fields has increased significantly. In 2018, China further revised the negative list of foreign investment and comprehensively implemented the pre-entry national treatment plus negative list management system.