Thursday, April 19, 2007

BVI the Second in the Chinese FDI Sources List in Q1 2007

A month ago the government of China announced FDI figures for the first two months of 2007; on last Thursday, the Ministry of Commerce of China released a statement for the first quarter of this year. In the period between January and March 2007, mainland's use of foreign investment capital totaled 15.893 billion U.S. dollars, which is an 11.56% increase from the last year.

In the first quarter 2007, 9297 new foreign-funded enterprises were established, that is 4.36% more than in the same period of 2006.

The leader of in the list of top ten sources of the invesment is Hong Kong, it is followed by the British Virgin Islands, Japan, South Korea, Singapore, the United States, Cayman Islands, Samoa, Taiwan and Mauritius. The amount of foreign capital invested by these ten countries and regions made up 86.02% of actually used foreign capital in China.

From January to February 2007, China used 9.71 billion U.S. dollars in foreign capital, up 13.04% year on year, according to official figures.

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