China's Shaanxi sees record surge in foreign-invested firms in 2023

XI'AN -- A total of 408 new foreign-funded enterprises were registered in Northwest China's Shaanxi province in 2023, marking a record high over the past two decades, with a year-on-year increase of 29.9 percent, according to the province's commerce department.

Among these enterprises, 336 foreign-invested companies were added to the tertiary industry last year, with a yearly growth of 26.8 percent. New firms in the high-tech service industry rose 61.3 percent year-on-year to 129, according to the commerce department.

The province's actual utilization of foreign investment increased by 3.7 percent last year totaling 9.99 billion yuan.