BIZCHINA / Machinery
Foreign Investment
Updated: 2006-04-21 14:17
Introduction to Foreign Investment in the Machinery Industry
China's machinery industry is one of the industries where foreign
investment has been most actively invovled.
Foreign investment started to flow to China's machinery industry in 1981.
The machinery industry experienced a stage of great development in terms
of foreign direct investment from 1990 to 2000, during which the number
of projects of foreign direct investment reached 15,310 and the
contractual value of foreign investment reaches US$20.720 billion,
increasing 133 and 122 times respectively over the record set five years
ago.
The main sources of foreign investment at present are from developed
countries, including Japan, Germany, France, the United States, Australia
and newly industrialized countries, like Korea and Singapore.
Ten years ago, overseas investmentmainly came from regions including
Macao, Hongkong and Taiwan.
Now all the world top 500 trans-corporations whose mechanical products
predominate the markethave invested in China. The sales revenue for
foreign invested machinery enterprises amounts to 30% of the total sales
revenue of machinery industry and their export value amounts to over 50
percent of the total export value of the machinery industry.
Up to the end of 1999, the number of projects of foreign direct
investment amounted to 21,215 and the contractual value of foreign
investment amounted to US$34.519 billion , accounting for 6.2 percent and
5.7 percent respectively.
According to official statistics, in 2001 the number of foreign invested
projects in the machinery industry reached 2,473 and the contractual
value of foreign investment reaches US$5.68 billion.
(For more biz stories, please visit Industry Updates)
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