Core Viewpoint - The article highlights the growth in tax revenue and public budget income in China for the first eight months of 2025, indicating a stable economic recovery and increased activity in various sectors, particularly manufacturing and capital markets [2][3][4]. Tax Revenue Summary - Tax revenue for the first eight months of 2025 increased by 2% year-on-year, with significant growth observed in July and August [2][3]. - Major tax categories such as domestic value-added tax, domestic consumption tax, corporate income tax, and personal income tax all showed positive growth [2]. - Manufacturing and financial sectors contributed to a robust tax revenue increase, with high-end manufacturing sectors like railways, shipbuilding, and aerospace seeing tax revenue growth exceeding 30% [2][3]. Public Budget Income and Expenditure - The general public budget revenue for the first eight months reached 148,198 billion yuan, reflecting a year-on-year growth of 0.3% [4][6]. - Tax revenue accounted for 121,085 billion yuan, with a slight increase of 0.02%, while non-tax revenue was 27,113 billion yuan, growing by 1.5% [6]. - Central government budget revenue decreased by 1.7% to 64,268 billion yuan, while local government revenue increased by 1.8% to 83,930 billion yuan [6]. Key Tax Revenue Items - Domestic value-added tax amounted to 47,389 billion yuan, growing by 3.2% [7]. - Domestic consumption tax reached 11,523 billion yuan, with a growth of 2% [8]. - Corporate income tax totaled 31,477 billion yuan, showing a modest increase of 0.3% [9]. - Personal income tax grew significantly by 8.9%, totaling 10,547 billion yuan [10]. - Notably, securities transaction stamp duty surged by 81.7%, amounting to 1,187 billion yuan [15]. Government Fund Budget - Government fund budget revenue for the first eight months was 26,449 billion yuan, a decrease of 1.4% [33]. - Fund budget expenditure increased significantly by 30%, totaling 62,602 billion yuan [34]. Foreign Investment Overview - In the first eight months of 2025, foreign investment in China reached 506.58 billion yuan, with a decrease of 12.7% year-on-year [35][38]. - The manufacturing sector attracted 129.03 billion yuan, while the service sector received 366.19 billion yuan in foreign investment [38]. E-commerce Development - E-commerce in China continued to grow steadily, with online retail sales increasing by 9.6% in the first eight months [41]. - The growth in online sales of digital products was particularly strong, with smart wearables, computers, and mobile phones seeing increases of 25.2%, 23.7%, and 20.2% respectively [41]. - The article also notes the significant role of artificial intelligence in enhancing e-commerce operations and consumer engagement [41].

Core Viewpoint - In the first eight months of the year, China saw a 14.8% year-on-year increase in the number of newly established foreign-invested enterprises, totaling 42,435 companies, while the actual utilized foreign capital decreased by 12.7% to 506.58 billion yuan [1]. Group 1: Foreign Investment Overview - The actual utilized foreign capital in the manufacturing sector reached 129.03 billion yuan, while the service sector accounted for 366.19 billion yuan [1]. - High-tech industries attracted 148.28 billion yuan in foreign investment, with significant growth in e-commerce services (169.2%), aerospace equipment manufacturing (37.5%), chemical pharmaceuticals (23.2%), and medical instruments manufacturing (19.2%) [1]. Group 2: Source of Foreign Investment - Foreign investments from Japan, Switzerland, the UK, and Singapore increased by 58.9%, 37.2%, 24.5%, and 1.8% respectively [1].

Group 1 - The number of newly established foreign-invested enterprises in China from January to August 2025 reached 42,435, representing a year-on-year increase of 14.8% [1] - The actual utilized foreign capital amounted to 506.58 billion RMB, showing a year-on-year decrease of 12.7% [1] - In terms of industry, the manufacturing sector attracted 129.03 billion RMB in foreign investment, while the service sector received 366.19 billion RMB [1] Group 2 - High-tech industries saw actual foreign investment of 148.28 billion RMB, with significant growth in e-commerce services (169.2%), aerospace equipment manufacturing (37.5%), chemical pharmaceuticals (23.2%), and medical instruments manufacturing (19.2%) [1] - Foreign investments from Japan, Switzerland, the UK, and Singapore increased by 58.9%, 37.2%, 24.5%, and 1.8% respectively [1]

从来源地看，日本、瑞士、英国、新加坡实际对华投资分别增长58.9%、37.2%、24.5%、1.8%（含通过 自由港投资数据）。 （总台央视记者 吴昊 高媛） 2025年1—8月，全国新设立外商投资企业42435家，同比增长14.8%；实际使用外资金额5065.8亿元人民 币，同比下降12.7%。 从行业看，制造业实际使用外资1290.3亿元人民币，服务业实际使用外资3661.9亿元人民币。高技术产 业实际使用外资1482.8亿元人民币，其中，电子商务服务业、航空航天器及设备制造业、化学药品制造 业、医疗仪器设备及器械制造业实际使用外资分别增长169.2%、37.5%、23.2%、19.2%。 ...

Group 1 - The number of newly established foreign-invested enterprises in China from January to August 2025 reached 42,435, representing a year-on-year increase of 14.8% [1] - The actual utilized foreign capital amounted to 506.58 billion RMB, showing a year-on-year decrease of 12.7% [1] - In the manufacturing sector, the actual utilized foreign capital was 129.03 billion RMB, while the service sector saw 366.19 billion RMB in actual utilized foreign capital [1] Group 2 - High-tech industries attracted 148.28 billion RMB in actual utilized foreign capital, with significant growth in e-commerce services (169.2%), aerospace equipment manufacturing (37.5%), chemical pharmaceuticals manufacturing (23.2%), and medical instruments manufacturing (19.2%) [1] - Foreign investments from Japan, Switzerland, the UK, and Singapore increased by 58.9%, 37.2%, 24.5%, and 1.8% respectively [1]

Group 1 - The number of newly established foreign-invested enterprises in China increased by 14.1% year-on-year, totaling 36,133 in the first seven months of 2023, indicating strong foreign investment interest in the Chinese market [1] - The actual utilized foreign capital decreased by 13.4% year-on-year to 467.34 billion RMB, reflecting the complexities in foreign investment amid global economic uncertainties and challenges from supply chain restructuring [1] - A UNCTAD report predicts a global foreign direct investment decline of 11% in 2024, with developed economies experiencing a 22% drop, highlighting a correlation between global investment trends and China's foreign capital utilization [1] Group 2 - Domestic economic transformation, including real estate market adjustments and weak domestic demand, has led some foreign enterprises to adopt a wait-and-see approach regarding market prospects [2] - Rising labor costs and stricter carbon emission standards in China have prompted some labor-intensive foreign enterprises to relocate to Southeast Asia, where costs are lower [2] - The proportion of foreign investment in high-tech industries increased from 28.5% in 2020 to 29.4% in the first seven months of 2023, indicating a positive shift in investment structure despite overall pressures [2] Group 3 - The Chinese government has implemented a series of measures to stabilize foreign investment, including a notification in July 2023 that supports foreign enterprises in reinvesting in China across ten areas such as land use, taxation, and foreign exchange management [3] - China has fully removed restrictions on foreign investment in the manufacturing sector and is continuously expanding access in telecommunications and healthcare [3] - Pilot programs for foreign investment access in the technology innovation sector have been launched in free trade zones in cities like Beijing and Shanghai [3]

Group 1 - The core viewpoint emphasizes the importance of transforming pressure into motivation for high-quality economic development, highlighting the need for a stable and continuous policy environment to attract foreign investment [2] - In the first seven months of 2023, the number of newly established foreign-invested enterprises in China increased by 14.1% to 36,133, while the actual utilized foreign capital decreased by 13.4% to 467.34 billion RMB, indicating a complex landscape for foreign investment [2] - A report from the United Nations Conference on Trade and Development indicates a global decline in foreign direct investment by 11% in 2024, correlating with the decrease in China's utilized foreign capital, reflecting a conservative strategy among multinational companies amid high interest rates and geopolitical conflicts [2][3] Group 2 - The U.S.-China economic rivalry has made foreign investors more cautious, particularly due to U.S. export controls and near-shoring strategies, which affect investment decisions in high-tech sectors [3] - Domestic economic transitions, such as real estate market adjustments and weak domestic demand, have led some foreign enterprises to adopt a wait-and-see approach regarding market prospects [3] - Despite challenges, the structure of foreign investment shows positive trends, with the proportion of foreign capital in high-tech industries rising from 28.5% in 2020 to 29.4% in the first seven months of 2023 [3] Group 3 - Notably, actual foreign capital utilization in high-tech industries has seen rapid growth, with significant increases in sectors such as e-commerce services (146.8%), aerospace manufacturing (42.2%), chemical pharmaceuticals (37.4%), and medical instruments (25.5%) [4] - The Chinese government has implemented various measures to stabilize foreign investment, including a notification in July 2023 that supports foreign enterprises in reinvesting in China across ten areas such as land use, taxation, and foreign exchange management [5] - China has fully removed restrictions on foreign investment in the manufacturing sector and continues to expand access in telecommunications and healthcare, with pilot programs in free trade zones for foreign investment in technology innovation [5]

Core Insights - In the first seven months of this year, a total of 36,133 new foreign-invested enterprises were established in China, representing a year-on-year increase of 14.1% [1] Industry Analysis - The actual foreign investment in the manufacturing sector reached 121.04 billion RMB, while the service sector saw an actual foreign investment of 336.25 billion RMB [1] - High-tech industries attracted actual foreign investment of 137.36 billion RMB, with significant growth in specific sectors: e-commerce services increased by 146.8%, aerospace equipment manufacturing by 42.2%, chemical pharmaceuticals by 37.4%, and medical instruments and devices by 25.5% [1] Source of Investment - Investment from the ASEAN region grew by 1.1%, while investments from Switzerland, Japan, and the UK increased significantly by 63.9%, 53.7%, and 19.5% respectively, including data from free port investments [1]

Core Insights - The number of newly established foreign-invested enterprises in China increased by 14.1% year-on-year in the first seven months of 2025, totaling 36,133, while the actual utilized foreign capital decreased by 13.4% to 467.34 billion RMB [1] - The growth in newly established foreign-invested enterprises indicates strong foreign investment interest in the Chinese market, driven by high-level opening-up policies, improved business environment, and opportunities in high-end manufacturing and digital economy sectors [1][2] Industry Analysis - In the first seven months, the actual utilized foreign capital in the manufacturing sector was 121.04 billion RMB, while the service sector attracted 336.25 billion RMB. High-tech industries received 137.36 billion RMB, with significant growth in e-commerce services (146.8%), aerospace manufacturing (42.2%), chemical pharmaceuticals (37.4%), and medical equipment manufacturing (25.5%) [2] - The investment from ASEAN countries grew by 1.1%, while Switzerland, Japan, and the UK saw increases of 63.9%, 53.7%, and 19.5% respectively, indicating a diversification of foreign investment sources [2] Future Outlook - To attract and utilize foreign investment more effectively, the Ministry of Commerce suggests improving the foreign investment policy system, optimizing the business environment, and enhancing the "Invest in China" brand with tailored strategies for different investment sources [3] - The long-term outlook for foreign investment in China remains positive due to the country's economic resilience, large market potential, and ongoing improvements in the business environment, particularly in the service and high-tech sectors [3]

"高技术产业引资成果亮眼，尤其是电子商务服务业、航空航天器等领域增长迅猛，反映出我国产业升 级趋势对外资的吸引力；同时，我国外资来源地更趋多元化，国际合作空间进一步拓展。"付一夫说。 付一夫认为，新设立外商投资企业数量快速增长，对后续吸引和利用外资意义重大，向外界传递了积极 信号。新设立外商投资企业还能带动上下游产业链投资，促进产业集聚，形成良性循环，助力我国更好 地优化外资结构，提升利用外资质量。 具体从行业看，1月份至7月份，制造业实际使用外资1210.4亿元人民币，服务业实际使用外资3362.5亿 元人民币。高技术产业实际使用外资1373.6亿元人民币，其中，电子商务服务业、航空航天器及设备制 造业、化学药品制造业、医疗仪器设备及器械制造业实际使用外资分别增长146.8%、42.2%、37.4%、 25.5%。 从来源地看，东盟地区实际对华投资增长1.1%，瑞士、日本、英国实际对华投资分别增长63.9%、 53.7%、19.5%(含通过自由港投资数据)。 8月22日，商务部发布数据显示，2025年1月份至7月份，全国新设立外商投资企业36133家，同比增长 14.1%；实际使用外资金额4673.4亿元人 ...