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2004 China foreign direct investment to $5.5b
www.chinanews.cn 2005-09-02 16:11:39
Chinanews, Sept.1 - The Ministry of Commerce announced statistics today
which show that in 2004, China's direct overseas investment totaled
US$5.53 billion. After deducting the amount of reverse investment from
entities that invest overseas, the net overseas investment amount totaled
US$5.5 billion, increasing 93% year on year and accounted for 0.9% of the
world's total.
On September 1st, the Ministry of Commerce and the National Bureau of
Statistics jointly published "2004 China (excluding Hong Kong SAR, Macau
SAR and Taiwan province) direct foreign investment statistical report"
(non-financial portion)
The report says that based on estimates derived from the UN Conference on
Trade and Development's 2004 world investment report's 2003 total foreign
direct investment flow and stock figures, China's direct foreign
investment account for 0.9% and 0.55%, respectively, of the world's total
flow and stock.
According to the report, up to 2004, China's cumulative direct foreign
investment was US$44.9 billion and after deducting the amount of reverse
investment from entities that invest overseas, the cumulative net direct
investment was US$44.8 billion.
The report also says that China's 2004 direct foreign investment has the
following characteristics: rapid growth in investment size; reinvestment
of current profits taking up half of investment flow; widely dispersed
investments by industry; investment in Asia taking up more than half of
that year's total direct foreign investment, with Hong Kong remaining as
investment hotspot; investment from provinces and cities growing more
rapidly than previous years and private enterprises' investment
accounting for 1.5% of the total outflow.
��China utilized 580b USD foreign investment
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