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.