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(Back to China)
Contents:
- Investment Environment
- Sectors for investing
- Tips for investing.
- Project Set-up.
- Investment costs and procedures.
- Wal-Mart in China
Summary:
During the Tenth Five Year Plan period, China’s opening-up was fully
embraced by international economic cooperation and competition since its WTO
entry. China also made progress in utilizing foreign investment.
Foreign investment of $383 billion was actually used, far exceeding the
total value during the Ninth Five Year Plan, including about $286 billion as
foreign direct investment (FDI), $38 billion collected by issuing stocks
overseas, about $46 billion as loans.
Foreign investment scale is enlarging with more investment modes. FDI grew
by more than 34% in the Tenth Five Year over the Ninth. China has become a
favorable investment destiny for foreign capital and multinationals. Other
foreign investments represented by overseas stock issue also made much
progress. By the end of 2005, 122 mainland enterprises had been listed on
the stock market of Hong Kong and other foreign security exchanges, raising
a fund of $55544 million (excluding China-affiliated corporations). A total
of 34 overseas institutions were recognized as QFII.
China successfully took over the new-round international manufacturing
industry. During the Tenth Five Year Plan period, China seized the
opportunity of manufacturing restructuring and global shrift and attracted a
great deal of FDI, preliminarily making China an important production base
in the world.
Capital and technology intensive industries attracted much more foreign
investment; a number of large foreign investment projects were launched
during the Tenth Five Year after years of preparation.
With the entirely implementation of China's WTO commitments, apparent
progress has been made in the service industry in the opening up. By the end
of 2005, a total of 71 foreign banks from 20 countries and regions have set
up 238 business operative institutions in China. More than 10
Chinese-invested commercial banks including China Construction Bank, Bank of
China and Industrial and Commercial Bank of China have brought in overseas
strategic investments, and China Construction Bank and Bank of
Communications were successfully listed overseas.
On the basis of the WTO commitments, the insurance industry has been opened
to foreign-invested insurance companies in all regions and in all businesses
except related statutory insurances. By the end of 2005, the number of
foreign-invested insurance companies had increased to 40 companies and 93
head companies and branches.
Foreign-invested enterprises have become an important part in the fields of
logistics and commerce. In 2005, the foreign capital utilized in the service
industry of China exceeded one fifth of the total amount of foreign
investments in the year.
More information about invest in China
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