Motorola's investment in China Amounts to 28.5 Billion YuanThe Motorola Inc., which has invested in China for seven years, is so far the largest foreign investor in China.It's reported that up to last August, the company's investment in China had amounted to 28.5 billion yuan, a 29-fold increase in the past seven years. Now, it has one solely-funded corporation, one holding company, eight joint ventures and 26 branch companies with a total staff of over 10,000 persons. Its business has covered the whole of China. Motorola is also the biggest foreign exporting company in China. In 1999, it sold products worth 26 billion yuan and purchased goods at a cost of 6.7 billion yuan in China, exported products of nearly 10.2 billion yuan and paid taxes of 26 billion yuan. Lai Bingrong, senior Vice-president of the Motorola Inc. and the president of the Motorola (China) Electronic Co., Ltd., told the reporter during an interview that the fundamental reason for his company's investment success in China was that the company has all along implemented in China the development strategy with "win win" as the essence, that the Chinese government has provided overseas investors with a very good investment environment and preferential investment-related policies. Motorola is quite confident of China's future. |
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