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Last updated at: (Beijing Time) Tuesday, January 22, 2002

Beijing Sees Growing Overseas Investment

Beijing is witnessing a rapid influx of foreign investment, an official with the city commission of foreign trade and economic cooperation said Monday. The foreign investors included 159 of the world top 500 multinational companies, 19 of whom established their regional headquarters and research and development institutions in Beijing.


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Foreign investment increasing

Beijing is witnessing a rapid influx of foreign investment, an official with the city commission of foreign trade and economic cooperation said Monday.

Last year, the city approved 1,147 overseas-funded projects, which involved a total contractual foreign investment of 3.22 billion U.S. dollars, up 10.7 percent year on year. Total foreign investment actually used in the year stood at 4.01 billion U.S. dollars, a hefty growth of 33.2 percent.

Li Zhao, director of the commission, said the number of big foreign-funded projects, each involving an investment of more than 10 million U.S. dollars, rose by 28.6 percent last year.

Main foreign investors

The foreign investors included 159 of the world top 500 multinational companies, 19 of whom established their regional headquarters and a big number of research and development institutions in the Chinese capital, he said.

Last year, foreign-invested enterprises exported 3.25 billion U.S. dollars-worth of goods, rising by 13.3 percent year on year and accounting for 66.7 percent of Beijing's total.

The output value of overseas-funded companies accounted for half of the city's total.

Despite a big drop in investment from the United States and Japan last year, investment from Hong Kong and Taiwan rose by 72 and 110 percent, respectively, Li said.



Beijing Foreign Investment Guide

  • Sectors Favorable for Overseas Investment in the City

  • Major Trades Favorable for Overseas Investment in the City

  • Ways for Investing and Cooperating

  • Main Investment Service Organizations

  • Foreign Investment Policy and Regulations





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