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主题: Shanghai took in 10% of FDI in 2004.
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作者 Shanghai took in 10% of FDI in 2004.   
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文章标题: Shanghai took in 10% of FDI in 2004. (662 reads)      时间: 2005-1-13 周四, 20:30   

作者:ceo/cfo海归商务 发贴, 来自【海归网】 http://www.haiguinet.com

China Reaps $60.6 Billion
In Foreign Direct Investment

Associated Press
January 13, 2005 5:07 a.m.

SHANGHAI – China attracted a record $60.6 billion in actual foreign direct investment in 2004 as major overseas retailers, auto makers and other manufacturers ramped up spending, the government said Thursday.

The Ministry of Commerce also reported that overseas investors pledged a whopping $153.5 billion in foreign direct investment last year, ensuring that heavy flows of capital into the country will continue.

China has been attracting a growing share of world-wide foreign investment and now ranks second. The U.S. remained the world's largest recipient last year, drawing $121 billion, according to figures released earlier this week by the United Nations Conference on Trade and Development, or Unctad.

Unctad put actual foreign investment in China in 2004 at $62 billion, 15% higher than the $54 billion received in 2003.

Although France, Luxembourg and the United Kingdom aren't far behind China, it is Asia's biggest destination for foreign direct investment by far. The second-largest, Hong Kong, lagged well behind with only $33 billion -- much of it likely linked to business with the Chinese mainland.

Foreign investment has soared as China has loosened restrictions on a wide range of industries following its 2001 entry into the World Trade Organization.

Major auto makers like General Motors Corp. and Volkswagen AG announced multibillion-dollar plans for new investments last year, as have other companies in many industries that joined the rush to shift production to China.

Beijing approved 43,664 new foreign-invested companies in 2004, the ministry said.

The country's economy has been growing at an annual rate of more than 9% in the past two years.

The continued surge in 2004 suggested that investors weren't deterred by government efforts to curb spending on property development and other industries said to be expanding too quickly.

Shanghai, China's biggest city and top commercial center, took in more than a tenth of all foreign direct investment, or $6.54 billion, the city government reported Wednesday.


作者:ceo/cfo海归商务 发贴, 来自【海归网】 http://www.haiguinet.com









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