A term for three kinds of foreign-invested enterprises or ventures in China, which include Sino-foreign joint ventures, cooperative businesses, and exclusively foreign-owned enterprises. As an economic entity responsible for their own profits and losses, these enterprises are set up within China after being approved by relevant State departments and are run in accordance with China's laws. Since reform and opening-up in 1978, these enterprises have played an important role in helping the country absorb foreign investment, introduce foreign advanced technologies and management know-how, as well as expand export.

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资本支出 capital expenditure(capex)

二板/创业板 second board

新兴企业 start-up company

工厂停产 to idle plant

（英语点津 陈丹妮 编辑）

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