Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Ministry: foreign investment favors mid-west China
+ -
15:11, February 18, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 Foreign investment in China plunges in January
 S Korea to soften entry rules for foreign investors
 China announces new measures to boost service outsourcing
 MOC: China urges World Bank to clarify ban on Chinese firms
 China's central and western regions further open up to foreign investment
 Comment  Tell A Friend
 Print Format  Save Article
Statistics released by China's Ministry of Commerce on February 16, 2009, showed that foreign direct investment had been flowing much faster into the middle and western areas of China that the rest of the country.

Last year, foreign investment reached 7.4 billion USD in the middle part and 6.6 billion USD in the west part of China, representing growth rates of 12.8 percentage points and 56.2 percentage points higher than the average increase of the whole country.

Yao Jian, spokesman of MOC, said the area would attract more foreign invested manufacturing enterprises from the coastal cities as infrastructures and transportation improved and logistic costs reduced there. Companies in coastal areas will focus more on designing, service and financial business.

In 2008, China actually used 108.3 billion USD of foreign investment, marking an increase of 29.7% year on year. Among them, 92.4 billion USD went into non financial enterprises, increasing 23.6%; while the other 15.9 billion USD went into financial enterprises, increasing 68.4%.

The number of new foreign companies declined by 27 percent to 27,514 in 2008. Twenty-three new joint ventures were set up in the financial sector.

By People's Daily Online



  Your Message:   Most Commented:
British boy becomes father at 13 
Why does Israel push for truce in Gaza?
"In Utah, I Get Zero Respect!", Interview with Utah Governor Jon M. Huntsman, Jr.
Satellite collision reflects necessity for int'l laws: Russian expert
China warns against playing "Tibet card"

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90776/90884/6595674.pdf