FDI quality improves
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According to statistics of Chinese Ministry of Commerce, total imports and exports of foreign investment enterprises engaging in hi-tech products amounted to US$349.98 billion, of which exports of such products were US#192 billion and imports US$157.98 billion, accounting for 43.2% and 40.8% respectively of total imports and exports of foreign investment enterprises. Since the implementation of the strategy of Rejuvenating Trade Through Science and Technology, China put forward a series of measures encouraging exports of hi-tech products, which attracted a large number of foreign traders to invest in hi-tech area and greatly improved FDI quality According to statistics, ICT, a typical example, totally attracted over US$70 billion foreign investment during the period of Tenth Five-Year Planning, and the proportion of hi-tech product export of foreign investment enterprises rose year after year, amounting to 25.0%, 28.4%, 32.8%, 39.2% and 42.7% from 2000 to 2004, reaching 43.2% in 2005 and increasing by 18.2% within 5 years |
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