| Last updated at: (Beijing Time) Wednesday, November 14, 2001 |
Motorola Vows to Enhance Presence in China |
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Motorola's policy for developing businesses in China is to establish itself in the country and actively participate in the reforms, and China's opening-up and economic construction, said a high-ranking official with Motorola. Motorola has announced that it would increase its total investment in China to 10 billion U.S. dollars by the year 2006.
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Motorola's policy for developing businesses in China is to establish itself in the country and actively participate in the reforms, and China's opening-up and economic construction, said a high-ranking official with Motorola.
Motorola will regard China as its own home for development and share its prosperity with the Chinese people, said Jenny Wang, vice-president of Motorola and chief representative of Motorola (China) Electronics Ltd., while speaking in Nanning, capital of south China's Guangxi Zhuang Autonomous Region, on Monday.
Jenny Wang said, due to strong domestic and international demand, China's economy has provided many opportunities for development and is expected to maintain steady growth over the next five years.
Currently, Motorola is the largest foreign investor in China, with a total investment of 3.4 billion U.S. dollars. The company now has two solely-funded enterprises, eight joint ventures and more than 20 subcompanies in China. Its sales volume in China totaled 37.6 billion yuan in 2000.
Explaining Motorola's policy for establishing itself in China, Jenny Wang said the company will increase investments and technical transfers in China, will localize management and supporting products, set up more joint ventures and continue cooperation with China.
At present, Motorola has more than 10,000 employees in China, 78 percent are Chinese. Up to now the company has invested 1.5 billion yuan in research and product development in China. In 2000, the company recorded 7.5 billion yuan worth of purchases in China.
As the largest foreign-funded importer and exporter in the country, Motorola's total imports to and exports from China reached more than 15 billion yuan (1.8 billion U.S. dollars) last year.
According to its future development plan, Motorola will spend 10 billion U.S. dollars on buying local supporting products and related raw materials in China over the next five years. And by 2006, its output value in China will reach 10 billion U.S. dollars and its accumulated investment, 10 billion U.S. dollars.
Motorola also aims to make Beijing one of its world-wide research and development centers, according to Jenny Wang.
Investment in China to Total 10 Billion DlrsEarlier, Motorola has announced that it would increase its total investment in China to 10 billion U.S. dollars by the year 2006.
The multinational also plans to purchase accessories and services in China with a cumulative worth of 10 billion U.S. dollars by the year 2006, according to a global conference of the Motorola board of directors held here Wednesday.
Motorola will spend an extra one billion U.S. dollars on research and development in China over five years, making Beijing one of its global R&D bases with the technology core sector to be stationed in the Chinese capital.
Motorola is expected to have up to 5,000 researchers and engineers in China by the year 2006. Currently it has opened 18 R&D centers in China with about 1,000 employees.
The directorate has also decided to increase Motorola's annual output in China to 10 billion U.S. dollars by 2006.
Christopher Galvin, chairman and chief executive officer of Motorola, said that it shows the significance of the Chinese market that Motorola held this conference in Beijing despite the sluggish world economy.
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