More than 70 billion U.S. dollars of foreign investments were settled in China's hi-tech industry, the information and telecommunications sector in particular, during the past five years, according to the Ministry of Commerce.

Foreign-owned hi-tech enterprises realized imports and exports totaling 349.98 billion U.S. dollars, in which the export were 192 billion U.S. dollars, accounting for 43.2 percent of the exports by foreign-funded businesses while the imports registered 157.98 billion U.S. dollars, as much as 40.8 percent of the imports by foreign-invested businesses.

China has taken a series of measures encouraging the export of hi-tech products, which attracted a great number of foreign businesses to make investment in the hi-tech industry and enhanced the quality of foreign investments in China.

Hi-tech products have year after year gained ground in the export by foreign-invested enterprises, up 25 percent, 28.4 percent, 32.8 percent, 39.2 percent and 42.7percent in 2000-2004 respectively, and 43.2 percent in 2005. That means a leap of 18.2 percentage points in five years.

Source: Xinhua