Friday, September 14, 2007

New Figures for Chinese FDI: BVI Ranks Second with US$9.91 billion

The new statistics on foreign investments in Chinese economy during the first eight months of 2007 shows following figures: value of investments rose 12.79% from a year earlier to US$41.95 billion; 24,848 enterprises were set up in China by overseas investors, that is down 5.26% compared to the previous year.

The released information confirms the position of the British Virgin Islands among regions and countries that lead by the amount of foreign investments. As in the report published by the Ministry of Commerce of China in the mid of June, BVI remains in the second place after Hong Kong.

The amount of foreign investments for eight months of 2007 made US$14.1 billion from Hong Kong, US$9.91 billion from the British Virgin Islands, and much less – US$2.46 billion – from the third investor, the Republic of Korea. Other regions and countries being part of the top ten investors are Japan, Singapore, the United States, the Cayman Islands, the Samoan Islands, Taiwan Province, and Mauritius.

During the first eight months of 2007, investment value of the above-named top 10 countries made 86.55% of the total nationwide. The number of new US-invested enterprises was down 15.12%,while investment value increased by 0.77%, compared to the same period of 2006.

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