(ECNS) — Foreign-invested enterprises in China posted 2.99 trillion yuan (about $410 billion) in total imports and exports in the first quarter of 2025, marking a fourth straight quarter of growth, according to data from the General Administration of Customs released Monday.
Wang Lingjun, vice minister of the GAC, said FIEs are key contributors to China's modernization, reform and opening-up, innovation, and global economic integration. Over the past five years, these enterprises have consistently accounted for about one-third of the country's total foreign trade volume.
In the first quarter alone, more than 67,000 FIEs engaged in import and export activities, the highest level in three years. High-tech products including electronic information goods, biopharmaceuticals, and medical instruments continued to represent over 40 percent of their total trade.
Wang noted that China has fully removed foreign investment restrictions in the manufacturing sector and is accelerating its green, digital, and intelligent transformation. He said a continuously improving business environment—characterized by market orientation, rule of law, and international standards—is helping foreign enterprises thrive and gain a competitive edge globally.
He added that the recently-concluded 2025 China Development Forum in Beijing drew 86 official representatives from multinational companies across 21 countries. The number of first-time attendees reached a record high, underscoring strong global confidence in China's economic prospects.
(By Zhao Li)
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