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| Shanghai Approves 230 Foreign-funded Projects in January |
| Projects involving exclusive foreign investment in this, China's leading industrial center madeup 78 percent of the total foreign-funded projects approved in January. |
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| Overseas Businesses Major Contributors of Guangdong Revenue |
| Local taxation officers in south China's Guangdong Province levied 14.11 billion yuan (1.7 billion U.S. dollars) in taxes on overseas-financed businesses last year, up 36.14 percent over 2000. |
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| More Foreign Investment in High-Tech in North China |
| Hebei Province in north China has successfully attracted foreign investment in its high-tech development in a wide range of areas. |
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| More Sales for Foreign-Funded Firms in Chongqing |
| The sales of foreign-funded enterprises in Chongqing, the largest metropolis in western China,were valued at 15.5 billion yuan last year, a 4.3-percent rise compared with the figure for the previous year. |
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| Foreign Investment in China Soars in January |
| There was a rapid rise in foreign investment in China in the first month of 2002, sources with the Ministry of Foreign Trade and Economic Cooperation ( MOFTEC) announced Monday. |
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| Foreign Investment to Tianjin Climbs |
| Tianjin, one of China's four municipalities and the leading port city in northern China, has absorbed 3.2 billion U.S. dollars of investment from abroad last year, a quarter more than the amount in the previous year. |
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| Foreign-funded Companies to Attend China's Insurance Industry Meeting |
| The China Insurance Regulatory Commission (CIRC) Chairman Ma Yongwei has said the sector's national meeting will for the first time include all 32 foreign- funded insurance companies in China. |
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| Beijing Welcomes Foreign Entrepreneurs: Official |
| Beijing invites foreign investors to participate in the development of the local economy, said Vice Mayor Zhang Mao in Beijing Wednesday. |
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| FAW Volkswagen to Produce 171,000 Vehicles in 2002 |
FAW Volkswagen, a 50-50 joint venture between China's First Automotive Works and German auto giant Volkswagen AG, plans to manufacture another 500,000 passenger cars over the next three years, according to a high-ranking executive of the company.
The Changchun-based company, aimed to produce around 171,000 vehicles this year, including 92,000 Jetta, 29,500 Audi A6 and 50,000 newly launched Bora sedans. |
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| First Sino-French Cement Plant Operational |
| The first big cement plant to be jointly set up by a Chinese and a French firm opened Sunday in Sichuan Province, southwest China. |
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| Overseas Direct Investment to China Surges |
| Overseas direct investment to China (FDI) in 2001 surged more than 10 percent both in terms of contractual and materialized volume, the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) announced Monday. |
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| Minister on Use of Foreign Capital in 2002 |
| China will continue to improve the work in using foreign capital next year, with high-tech and infrastructure sectors listed on top of the agenda for attracting overseas investors, trade minister Shi Guangsheng said Thursday in Beijing. Besides, China will actively implement the "Go Out" strategy next year, a measure to spur Chinese enterprises to invest in or contract projects overseas, Shi said. |
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| Beijing to Start Free Service for Foreign-invested Projects |
Starting January 1, Beijing will offer a variety of free services to help overseas investors establish companies in the Chinese capital.
The free service package launched by Beijing Foreign Investment Service Center (BFISC) covers a broad field including investment consultation, search for investment projects and business partners, handling of application procedures, registration with departments of industry and commerce, and dealing with investors' complaints. |
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| China More Attractive to Foreign Investors |
| China has become a "safe island" in the eyes of numerous international investors, although the year 2001 witnessed the first drop of global investment in the last decade. An investigation by the American magazine Fortune shows that 92 percent of multinational corporations have a plan to set up their business headquarters in China. |
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| Foreign Financial Institutions Step Up Investment in Shanghai |
| Allured by the tremendous market potential following China's accession to the World Trade Organization, over a dozen banks based in Europe, the United States and Japan have applied to upgrade their agencies in China to business organizations over the past month. |
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| Sino-Armenian Joint Venture Project on Rubber Signed |
| A 827-million-yuan (US$100 million) Sino-Armenian joint venture project on synthetical rubber was signed on Friday in Beijing. |
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| Investors Favor Dynamic District |
| Wuxi New District's decision to take huge amounts of investment from multinational companies around the world is enabling the district to flourish, district publicity office said. |
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| China Offers the Best Vista for Investment in Coming Five Years |
| In five years to come China indicates a bright prospect for investment, according to Asian Finance published on September 23. |
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| Overseas Investment Up 60 Percent in Shanghai |
| This industrial powerhouse in east China reported a 60-percent rise in contractual overseas investment during the first eight months of this year. |
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| More Transparency Demanded |
| State officials reiterated preferential policies in Xi'an Tuesday to inject confidence to overseas companies for expansion in western China, but overseas firms said they are more concerned about a transparent legal framework than incentives. |
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