China's actual foreign direct investment(FDI) in 2005 amounted
to US$72.4 billion, up 19.42 percent over that of 2004, the revised
statistics released by the Ministry of Commerce showed in
Beijing Thursday.
The newly revised figure is upward by US$12 billion over that
announced by the ministry in January, which excludes the FDI
received by the sectors of banking, insurance and securities.
The new figure reflects one important information of China's FDI
that the sector of service has become an important field to attract
foreign investors, said Ma Xiuhong, vice commerce minister, at a
news conference.
Ma said that in 2005 the FDI received by the sector of banking,
insurance and securities has reached US$11.8 billion, which
indicates that China's modern service sector has become more and
more open.
After its first release of FDI in January, the ministry will
take a later revise on the figures to rank in the FDI of the
financial sector.
Statistics show that in the first four months of 2006, a total
of 12,639 foreign-funded companies were set up in China, with the
FDI up 5.7 percent to 18.48 billion dollars over the same period of
last year.
Ma said that the foreign-funded companies in China have
accounted for 57.3 percent of China's overall export in 2005 and
they took a share of 87.89 percent of the total high-tech products
export.
Accounting for only 3 percent of China's overall companies, the
foreign-funded companies have taken up 28.5 percent of the
country's total industrial added value and 20.5 percent of the tax
revenue, Ma said.
(Xinhua News Agency June 9, 2006)