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Overseas-funded Firms Show High Export Growth Rate
Export growth rate of the Overseas-funded enterprises in China surpassed that of the state-owned enterprises (SOE) in the first eight months of the year, according to latest statistics released by the General Administration of Customs in Beijing Wednesday.
The SOEs exported US$76.5 billion of goods from January to August, up 29 percent. The export of SOEs accounted for 48 percent of China's total during the period.
The export of overseas-funded enterprises was US$74.6 billion during the first eight months, up 36.8 percent, accounting for 47 percent of China's total export during the period.
Although the total export of SOEs exceeded that of the overseas-funded enterprises during the period, the gap is being narrowed because of the higher growth rate of the later.
The export of collectively-owned and private enterprises stands at US$8.2 billion during the January-August period, up 82 percent, and the figure is 5 percent of China's total export.
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