Monday, March 20, 2006

The BVI tops the China foreign investor list again

The Chinese Ministry of Commerce informed that in the first two months of the year around US$ 8.60 billion has been invested directly into China, which is 7.79% up, as compared with the same period last year.

The United States, Germany, the British Virgin Islands, Hong Kong, South Korea, Japan, Taiwan, Singapore, Samoa and the Cayman Islands are the top investing countries the investment of which accounted for 84.43% of the total.

Traditional offshore jurisdictions are leading the list. The BVI is on the second position. Hong Kong and the Cayman Islands - on the 1st and 10th.

China approved the establishment of 5,136 foreign-invested companies during the same period, which is 5.66%, as comparied with a year ago. The figures were given by the Ministry of Commerce without information on contracted investment (deals already signed, however, not yet executed).

The Chinese Ministry of Commerce has launched an English version of the website for foreign and offshore companies and groups searching for guidance. Now users can get information related to laws and regulations, statistics, key projects and investment promotions.

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