Big data changes life

  In 2022, departments of commerce at all levels, in firm keeping with the decisions of the Central  Committee of the Communist Party of China and the State Council, and based on the definition of  commerce work as an important part of the domestic economy, an important link between domestic  and international economic flows, and an important contributor to a new pattern for development,  accomplished the goals of stabilizing foreign investment flows and ensuring improvements in scale,  structure and quality of foreign investment. Work in this regard contributed to economic growth and  industrial upgrading. Throughout the year, 38497 new foreign-invested enterprises (hereinafter referred  to as FIEs) were established in China, a decrease of 19.2% compared with 2021. Realized FDI amounted  to US$189.1 billion, an increase of 4.5% from 2021(See Appendix 1 for details)