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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (3509)	9/27/2004 2:25:01 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China forges ahead in foreign investment BEIJING - China has made big progress in investment overseas. China's direct investment overseas reached US$2.9 billion in 2003, and the net investment was $2.85 billion allowing for reverse investment of direct investment enterprises by domestic investors, rising 5.5% over the previous year. The figures were releasing the Statistics Report on China's Direct Investment Overseas in 2003 (Non-Financial Part), issued jointly by the Ministry of Commerce and the National Bureau of Statistics. This is the first of such written report issued in China. The total direct investment overseas by China reached US$33.4 billion by the end of 2003, and the total net direct investment overseas was $33.2 billion. State-owned enterprises accounted for 43% of investment overseas; liability limited companies, 22%; joint-stock companies, 11%; private enterprises,10%; joint-stock cooperatives, 4%; collective enterprises, 2%; foreign-funded firms, 5%; and others, 3%. More than 70% of the investments were concentrated in manufacturing, wholesales and retails. The report indicates that 12% of the investors were central enterprises, and 88% were local enterprises. They were scattered in 36 Chinese provinces, autonomous regions, municipalities, cities under central planning and the Xinjiang Production and Construction Corp. By the end of 2003, total direct investment overseas by 3,439 Chinese enterprises reached US$33.2 billion, including $2.85 billion in net value. The investment was scattered in 139 countries and regions, 60% of the total number of countries and regions in the world. The biggest coverage of Chinese investment was in Asia. More than 80% of Asian countries and regions had direct investment from China. Hong Kong, the United States and Japan were areas with the highest concentration of investment, accounting for 41% of the total, with that in Hong Kong reaching 21%. Asian countries and regions took in more than 50% of the direct investment overseas from the Chinese mainland. Forms of investment were diversified. The form of purchase accounted for 18% of the total direct overseas investment; stock investment, 14% of the total; reinvestment of profits, 35%; and other forms, 33%. Beijing and coastal provinces and municipalities have been very active in direct overseas investment. Private enterprises took up 1.5% of the total direct overseas investment while mining, manufacturing, wholesales and retails, and commercial service accounted for 92.6% of the total investment. The report also lists the ranking of related economic indexes of top 20 domestic enterprises in terms of net value of investment, sales (business) revenue, total assets of overseas enterprises, and the ranking of provinces, autonomous regions and municipalities and the Xinjiang Production and Construction Corp in term of net value of direct investment overseas. (Asia Pulse/XIC) atimes.com