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Motorola Selected as Role Model in China
The US-based Motorola has been selected by deputies attending the ongoing second annual meeting of the International Enterprises Innovation Forum as a role model for overseas-financed businesses in China.
Motorola entered Tianjin Economic and Technological Development Zone in 1992 and invested US$1.5 billions in producing pagers and mobile phones, which has proved to be a great success.
Last year, the American company reinvested US$1.9 billion of its profits in constructing a micro-electronic development park for producing semi-conductor chips. The project will require a total investment of US$3.4 billion, which has turned Motorola into one of the biggest overseas investors in China.
While addressing the forum Thursday, the chief representative of Motorola China Company pledged that his company would continue to invest all of the proceeds the company made from China in expanding production and China's accession into the World Trade Organization (WTO) and will sell a half of the company's products on the international market.
Motorola has supported 176 components supplying companies in China, with the volume of purchases totaling US$6.7 billion, greatly advancing the country's development of the electronic industry. It will purchase US$10.5 billion of components from the Chinese market and will export more than US$12 billion worth of commodities this year, said the chief representative of Motorola China Company.
By last year, mobile phone subscribers in China reached 75 million, and the number will go up to 200 million by the year of 2004, most of the market share will be taken by Motorola.
Tianjin Economic and Technological Zone, which has been designed as the biggest production base of Motorola in China, has benefited the most by Motorola's investment. About a half of the zone's output was created by electronic industry and the zone's annual taxes total US$2 billion.
Expansion of Motorola has offered job opportunities to more than 10,000 people. Each year, it spends US$40 million in training workers, and 75 percent of the company's workers are Chinese.
The Motorola China Company chief representative also vowed to invest more and enlarge production in China in the 21st century, and continue to play a leading role in China's mobile telecommunications market.
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