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Four hundred and fifty of the World Top 500
companies have invested in China, said Wei Jianguo, Vice Minister of
Commerce on Thursday.
He said at an activity held between China's private businesses and the
world's top 500 firms in Hangzhou, capital of east China's booming
Zhejiang Province.
China has been improving its investment environment in recent years,
while foreign investors have been optimizing their investment structure,
said Liu Yajun, director of the investment promotion department under the
Ministry of Commerce.
Businessmen from 202 countries invested in China this year, involving
US$600 billion covering almost all fields like the service, manufacturing
and rural infrastructure construction sectors, Liu said.
The high-tech and trade service industries were most favored by
overseas investors, Liu said.
Overseas investment has contributed a lot to China's economic growth.
The industrial added value made by the joint-ventures took about 27.8
percent of the national industrial added value last year, Liu said.
The joint ventures contributed to about 20.8 percent of the national
revenue and provided about 20 million jobs last year, Liu said.
China's private businesses are providing jobs
for about 100 million people, said Liu.
China's private businesses have been growing remarkably in recent
years, with an average annual growth rate of 53 percent, Liu said.
Liu acknowledged that the private businesses are contributing more to
the national economy, taking about 60 percent of the national economy and
funds from private businesses take about 40 percent of the investment in
urban fixed assets.
More capital-intensive and technology-intensive private businesses have
emerged and been active in various industries in recent years, including
real estate industry, information industry and the new-born service
industries, Liu said.
(Xinhua) | 
Updated: 2005-12-09 14:19
