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Home >> Business
UPDATED: 16:15, June 18, 2007
China absorbs foreign capital of US$25.2 billion in first five months
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According statistics from the Ministry of Commerce of China, from January to May of this year, there were 15,072 newly established foreign investment enterprises, falling by 3.75 percent from the amount in the same period last year. In fact, US$25.258 billion of foreign capital was used, up by 9.87 percent more than in the same period last year.

In May, 2,723 new foreign-invested enterprises were established, down 9.83 percent from the amount in the same period last year. In fact, US$4.899 billion of foreign capital was used, up by 8.65 percent more than in the same period last year.

Between January and May this year, the top ten countries and/or regions (according to the actual amount of foreign capital invested) were: Hong Kong, the British Virgin Islands, Japan, the Republic of Korea (South Korea), Singapore, the United States, the Cayman Islands, Samoa, Chinese Taiwan and Mauritius; the value of foreign capital actually invested from these top ten countries and/or regions made up 86.16 percent of China's total actual foreign capital used.

According to the data provided by the Ministry of Commerce of China, in the first five months, the first three industries that actually used the most foreign capital were manufacturing (US$6.035 billion), real estate (US$13.461billion), and rental and business services (US$1.344 billion).

By People's Daily Online


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