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Business / Economy

1,122 foreign M&A companies established in Jan-Oct

By Zhong Nan (chinadaily.com.cn) Updated: 2015-11-17 17:24

A total of 1,122 companies have been established by foreign companies via merger and acquisition activities in China between January and October, up 16 percent on a year-on-year basis, according to the Ministry of Commerce.

The capital they used in the meantime amounted to $15.98 billion, a?significant increase of 176.9 percent from the same period a year earlier.

Foreign direct investment from the European Union and countries and regions along the Belt and Road Initiative rose 13.7 percent and 14 percent year-on-year, respectively, in the first 10 months of this year, while investment from Japan and the United States dropped 25.1 and 13.6 percent from the same period the previous year.

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