Thursday, March 15, 2007

In January-February 2007, BVI Among the Top Three FDI Sources in China

On Tuesday, 13 March, the government of China released a statement where it announced new figures on foreign direct investments into Chinese economy. In the first two months of the year, foreign direct investment into Chinese economy totalled 9.7 billion dollars, which is a 13% rise from the same period a year earlier. The ministry also informed that in the first two months of 2007, there were 5,716 new foreign-funded enterprises, 11.29% more than previous year.

The British Virgin Islands where many Chinese companies register for tax purposes remain the second in the list of the top three sources of foreign direct investment in the economy of China. In January, BVI companies invested more than one billion USD in Chinese economy. The commerce ministry of China did not provide FDI figures in February. The other
major investors are Hong Kong, - the usual leader by FDI in China, - and Japan.

In 2006, actual foreign investment in China was 69.5 billion dollars, that is down 4.1% compared to 2005. However, if the financial sector of economy were not to be taken into account, the figure totalled 63 billion dollars – that is a 4.5% rise.

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