China's Electronics Industry Enjoys over US$70bn of Foreign Capital

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Last updated at: (Beijing Time) Wednesday, April 02, 2003

China's Electronics Industry Enjoys over US$70bn of Foreign Capital

China's electronics industry has to date attracted more than 70 billion US dollars of foreign capital and witnessed the creation of over 10,000 foreign-invested enterprises.

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China's electronics industry has to date attracted more than 70 billion US dollars of foreign capital and witnessed the creation of over 10,000 foreign-invested enterprises.

The figures both represent more than 15 percent of the country's totals, according to a recent conference on information industry development held in China's southernmost Hainan Province.

China has become a strategic market and manufacturing base for many transnational corporations through encouraging the introduction of advanced technologies and overseas funds.

Epson of Japan, for example, has based over 42 percent of its production in China, while Nokia, Ericsson and Motorola have over 12 percent, nearly 10 percent and over 14 percent respectively of their global businesses based in China, according to the conference.

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