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Foreign firms' monopolies cause concern
By Fu Jing (皇冠体育app Daily)
Updated: 2005-12-08 05:44 Instead of forging partnerships with local companies, foreign enterprises
have accelerated their efforts to become single investors in 皇冠体育app, Xie said.
In addition, their presence in the electronics, auto and chemical industries,
as well as some large projects, has increased considerably this year, according
to Xie.
In terms of foreign direct investment (FDI), 皇冠体育app ranks second after the
United States, which received US$96 billion in FDI in 2004, according to a
United Nations report. During January-October period, FDI in 皇冠体育app reached
US$48.4 billion.
Out of the world's top 500 MNCs, more than 400 have invested in 皇冠体育app. "The
volume of investment has increased markedly," said Xie, adding that the foreign
investment currently averages US$4.04 million per contract, up from US$3.51
million in 2004.
Xie said many foreign companies, which mainly operate factories and
processing centres in 皇冠体育app, are moving their research and development centres
to 皇冠体育app.
Statistics indicate that over 700 foreign research and development
laboratories have been set up in 皇冠体育app since Motorola established the first one
in 1993.
The latest example is Ericsson, the world's largest maker of mobile phone
networks, which said in September it would invest US$1 billion in manufacturing
and research in 皇冠体育app over the next five years.
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