Home>News Center>China

Foreign firms' monopolies cause concern
By Fu Jing (China Daily)
Updated: 2005-12-08 05:44

Instead of forging partnerships with local companies, foreign enterprises have accelerated their efforts to become single investors in China, Xie said.

In addition, their presence in the electronics, auto and chemical industries, as well as some large projects, has increased considerably this year, according to Xie.

In terms of foreign direct investment (FDI), China ranks second after the United States, which received US$96 billion in FDI in 2004, according to a United Nations report. During January-October period, FDI in China reached US$48.4 billion.

Out of the world's top 500 MNCs, more than 400 have invested in China. "The volume of investment has increased markedly," said Xie, adding that the foreign investment currently averages US$4.04 million per contract, up from US$3.51 million in 2004.

Xie said many foreign companies, which mainly operate factories and processing centres in China, are moving their research and development centres to China.

Statistics indicate that over 700 foreign research and development laboratories have been set up in China since Motorola established the first one in 1993.

The latest example is Ericsson, the world's largest maker of mobile phone networks, which said in September it would invest US$1 billion in manufacturing and research in China over the next five years.

Page: 12

Wen starts Slovak visit
Old man refused to advertise for companies
Hebei coal mine blast kills 74
  Today's Top News     Top China News

China, US start new round of strategic talks



Foreign firms' monopolies cause concern



Dam planned to contain river pollution



Deaths rise to 74 in Hebei coal mine blast



US air marshal kills passenger, citing threat



Saddam's stop-start trial goes on without him


  Medical bill scandal worsens as fresh allegations emerge
  Giant pandas to leave gilded cages
  62 dead, 13 missing in Hebei mine blast
  China links with Russia to combat toxic spill
  'Winter Days' too hot for drug rings
  Coastal city worries over seawater intrusion
  Go to Another Section  
  Story Tools  
  Related Stories  
Air firm wants end to fuel monopoly
Foreign money to see wider market access
Foreign money to see wider market access
Foreign money to see wider market access
Paving way for private biz going into military
Draft law aims to hold back monopolies
Draft law aims to hold back monopolies
  News Talk  
  It is time to prepare for Beijing - 2008  
Manufacturers, Exporters, Wholesalers - Global trade starts here.