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China Daily / 2021-09 / 10 / Page006

More investment appeal in opening wider

China Daily | Updated: 2021-09-10 00:00
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More than 10,000 enterprises from 153 countries and regions participated in the China International Fair for Trade in Services this year. About 1,672 contracts and agreements on cooperative intentions were achieved during the fair, with the total transaction amount exceeding that of the previous fair.

That proves that China's service sector still has a strong appeal for foreign investment.

Data from the Ministry of Commerce also confirms this fact. In the first seven months of this year, China's service sector used 535.57 billion yuan ($82.91 billion) up 29.2 percent year-on-year, accounting for nearly 80 percent of the foreign investment the country has actually used during that period. Foreign investment in scientific research and technology services, information transmission software and information technology services increased 49.2 percent and 29.1 percent respectively.

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