BIZCHINA / Top Biz News
Investment from green companies encouraged
(Xinhua)
Updated: 2006-11-06 08:53
The Chinese government is to encourage more foreign investment in
energy-saving and environmentally-friendly industries, Vice Minister of
Commerce Ma Xiuhong has said.
The government would also make more efforts to optimize the industrial
structure of foreign investment, said Ma.
Foreign investors have invested 665 billion US dollars in China in the
past 27 years, Ma said. By the end of last September, China had recorded
capital from over 200 countries and regions and more than 800 research
centers have been established by foreign companies.
Foreign investment played an important role in China's economy, with
taxes from foreign firms contributing 634.9 billion yuan (80.36 billion
US dollars) last year, 21 percent of the country's total tax revenue.
By the end of last year, foreign-invested companies were employing more
than 25 million people, accounting for 11 percent of China's total jobs.
Foreign companies are also encouraged to set up regional headquarters as
well as purchase, logistics and training centers in China.
(For more biz stories, please visit Industry Updates)
Chinese Online Class
No comments:
Post a Comment