Foreign investment dominates China's export industry

17:03, April 21, 2010      

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Of China's top 200 export-oriented enterprises, 153 were foreign investment enterprises, according to a report by China Customs released on April 20.

There were 12 more foreign enterprises on the top 200 list than in the previous year and they accounted for a total export value of 250.7 billion U.S. dollars, which was nearly 78 percent of the gross.

The majority of the top 200 export enterprises are related to outward processing trade, which underscores China's role as a global production base in the international division of labor.

The report is based on statistics from the China General Administration of Customs. Through the analysis of China's foreign trade leaders, the report interprets changes in China's foreign trade development in 2009.

The report also shows that the top 200 export enterprises have achieved total exports of 322.3 billion U.S. dollars in 2009, which accounts for 26.8 percent of the gross, 6.3 percent lower than 2008. The top 200 import enterprises have achieved total imports of 363.38 billion U.S. dollars, which accounts for 36.1 percent of the gross, 11.3 percent lower than the previous year.

By People's Daily Online


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