Last updated at: (Beijing Time) Thursday, July 17, 2003
More Overseas Business Agencies Set Up in Beijing
A total of 404 representative offices of overseas firms were set up in Beijing in the first six months of 2003, a two-percent increase over the corresponding period of 2002, according to the Beijing municipal foreign trade commission.
A total of 404 representative offices of overseas firms were set up in Beijing in the first six months of 2003, a two-percent increase over the corresponding period of 2002, according to the Beijing municipal foreign trade commission.
In June, the commission approved the establishment of 82 overseas business agencies in the city, of which 18 are from Hong Kong, 14 from the United States and nine from the Republic of Korea (ROK).
In terms of industrial categories, most of the newly-approved overseas agencies are engaged in the manufacturing and trade business.
As of the end of May, 8,219 overseas business agencies were registered with the Beijing administration of industry and commerce.