BEIJING - China has
made big progress in investment overseas.
China's direct investment overseas reached
US$2.9 billion in 2003, and the net investment was $2.85
billion allowing for reverse investment of direct
investment enterprises by domestic investors, rising
5.5% over the previous year. The figures were releasing
the Statistics Report on China's Direct Investment
Overseas in 2003 (Non-Financial Part), issued jointly by
the Ministry of Commerce and the National Bureau of
Statistics. This is the first of such written report
issued in China.
The total direct investment
overseas by China reached US$33.4 billion by the end of
2003, and the total net direct investment overseas was
$33.2 billion.
State-owned enterprises accounted
for 43% of investment overseas; liability limited
companies, 22%; joint-stock companies, 11%; private
enterprises,10%; joint-stock cooperatives, 4%;
collective enterprises, 2%; foreign-funded firms, 5%;
and others, 3%.
More than 70% of the investments
were concentrated in manufacturing, wholesales and
retails.
The report indicates that 12% of the
investors were central enterprises, and 88% were local
enterprises. They were scattered in 36 Chinese
provinces, autonomous regions, municipalities, cities
under central planning and the Xinjiang Production and
Construction Corp.
By the end of 2003, total
direct investment overseas by 3,439 Chinese enterprises
reached US$33.2 billion, including $2.85 billion in net
value. The investment was scattered in 139 countries and
regions, 60% of the total number of countries and
regions in the world.
The biggest coverage of
Chinese investment was in Asia.
More than 80% of
Asian countries and regions had direct investment from
China. Hong Kong, the United States and Japan were areas
with the highest concentration of investment, accounting
for 41% of the total, with that in Hong Kong reaching
21%.
Asian countries and regions took in more
than 50% of the direct investment overseas from the
Chinese mainland. Forms of investment were diversified.
The form of purchase accounted for 18% of the
total direct overseas investment; stock investment, 14%
of the total; reinvestment of profits, 35%; and other
forms, 33%.
Beijing and coastal provinces and
municipalities have been very active in direct overseas
investment.
Private enterprises took up 1.5% of
the total direct overseas investment while mining,
manufacturing, wholesales and retails, and commercial
service accounted for 92.6% of the total investment.
The report also lists the ranking of related
economic indexes of top 20 domestic enterprises in terms
of net value of investment, sales (business) revenue,
total assets of overseas enterprises, and the ranking of
provinces, autonomous regions and municipalities and the
Xinjiang Production and Construction Corp in term of net
value of direct investment overseas.
(Asia
Pulse/XIC)
Sep 28, 2004
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