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Foreign trade grows steadily with wider opening-up (2) |
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17:11, August 02, 2007 |
Sustained rise in attracted overseas investment and outbound investment
A total of 18,683 overseas firms were registered in China in the first half of 2007, down 5.4 percent year on year, and their combined, actual investment amounted to 31.9 billion dollars, up 12.2 percent year on year. There was somewhat an improvement in the structure of overseas investment absorbed.
Meanwhile, in the first six months of the year, actual investment in mid-west China rose 21.7 percent, 9.5 percentage points higher than the national average. Marked advances have been made with leading international service outsourcing transfer projects spurred by MOC, and 625 enterprises it nurtured particularly undertook outsourcing services from more than 50 transnational firms.
Moreover, steady progress has been made in the outbound investment cooperation. China has recently undertaken 59 major contractual projects with each one evolving over 100 million US dollars, including the "Sino Iron" in Western Australia, the Mambilla Hydropower Station in Nigeria, and the construction of the Khartoum-Port Sudan railway line. To date, 46 Chinese firms have joined the ranks of 225 largest international contracting giants, with the scope of their cooperation having extended from the construction engineering and other labor-intensive items in the past to such capital-intensive spheres as metallurgy, petrochemicals, electric power and transit track line communications. By the end of June, there were 733,000 contractual Chinese personnel working overseas as against only 980,000 laborers a year earlier.
[1] [2] [3] [4]
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