国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Top Biz News

Financial industry key focus for FDI

By Jiang Wei (China Daily)
Updated: 2006-06-09 07:06
Large Medium Small

The financial industry is a major destination for foreign direct investment (FDI) because of the opening-up of the sector, according to Vice-Minister of Commerce Ma Xiuhong.

The financial sector including banking, insurance and securities has become a new growth area for foreign investment flowing into the country, Ma said.

Her remarks were based on revised statistics of actual foreign direct investment in 2005.

When the ministry first released the figure in January, it estimated actual foreign investment in China stood at US$60.33 billion last year, 0.5 per cent down from 2004. But investment in the financial sector was not included.

The actual FDI was finally revised to US$72.4 billion, reflecting a hefty growth of nearly 20 per cent on the previous year.

"We revise the (FDI) figure every year but in the past there were just small revisions so they didn't attract too much attention," Ma explained. She added that before 2004, foreign investment in the financial sector was less than US$2 billion each year.

She said the increase in financial investment resulted from the continuous opening-up of the sector and reforms within it.

Upon entry to the World Trade Organization (WTO) in 2001, China committed itself to gradually opening its financial industries such as banking, securities and leasing markets to foreign investors.

FDI in the manufacturing sector is expected to level off in the coming years while that in the financial sector has just begun. Ma said the FDI growth rate in the first five months is expected to keep the same pace as the period from January to April.

According to ministry data, China attracted US$18.4 billion in actual foreign investment in the first four months of the year, up 5.7 per cent on the previous year. The government approved 12,639 new foreign-invested companies during this period.

"We found that the financial and services sectors remain a hotspot for investment flows," Ma said. "But foreign investment to industries involved in high-tech production still account for a large proportion."

Ma noted that China's outbound investment has also grown rapidly this year. Direct investment outward skyrocketed by 280 per cent year-on-year to US$2.68 billion in the first quarter of this year.

"Investment is not only flowing to developing countries but also to developed countries," Ma added.

In order to promote both inward and outward investment, the commerce ministry is scheduled to hold the 10th China International Fair for Investment and Trade on September 8.

Since being launched in 1997, the event has helped more than 10,000 investment co-operation projects to get off the ground, with a total value of US$ 60 billion.

The fair this year is expected to include more than 100 organizations from both home and abroad, and see 20,000 co-operation projects.

(China Daily 06/09/2006 page9)

阿巴嘎旗| 和静县| 铜陵市| 翁源县| 微山县| 金华市| 平顺县| 东乡| 毕节市| 南雄市| 南陵县| 深州市| 竹北市| 石首市| 丹东市| 沐川县| 大田县| 灵武市| 汤阴县| 斗六市| 长沙市| 昌黎县| 黄梅县| 竹北市| 明溪县| 亚东县| 彰武县| 汕尾市| 三江| 虎林市| 南溪县| 柏乡县| 孟州市| 剑河县| 满城县| 凤阳县| 嵩明县| 元氏县| 罗源县| 安化县| 泾川县|