Thursday, September 18, 2008

China's direct foreign investment exceeds 100 billion U.S. dollars

By the end of 2007, more than 7,000 Chinese investors had established more than 10,000 enterprises in 173 countries and regions in the world using direct investment, and the total amount of net direct investment reached 117.91 billion U.S. dollars, according to the "2007 China's direct foreign investment statistics Communiqué" issued by Ministry of Commerce, the State Statistics Bureau, State Administration of Foreign Exchange on September 17.

Last year, sales of China's non-financial overseas enterprises reached 337.6 billion U.S. dollars, generating the total offshore tax of 2.94 billion U.S. dollars. The domestic investors realized import and export of 118.9 billion U.S. dollars through overseas enterprises. At the end of last year, employees in overseas enterprises amounted to 658,000 people, among which 295,000 are foreign employees.

The proportion of state-owned enterprises in all domestic investors fell six percentage points last year over a year, limited liability companies' proportion rose by 10 percentage points, and private companies accounted for 11% of all investors.

Among non-financial investors, the state-level enterprises accounted for only 10.3 percent, enterprises at provincial and autonomous regional level accounted for 89.7 percent.

Judging by distribution of industry of domestic investors, manufacturing enterprises accounted for 45.5 percent, followed by wholesale and retail trade, accounting for 23 percent; the construction industry ranked third, accounting for 5.2 percent.

By People's Daily Online

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