China’s Overseas Investment in January 2010 Article

Monday,February 22,2010 Posted: 12:14 BJT(0414 GMT) Mofcom

In January of 2010, Chinese investors made direct investment in 420 overseas enterprises at 75 countries and regions, accumulative non-financial foreign direct investment amounting to 2.36 billion USD, among which equity investment and other investment amounted to 1.66 billion USD, accounting for 70%, and reinvested earnings was 0.7 billion USD, accounting for 30%.

In January of 2010, the turnover of China’s overseas contracted projects is 5.06 billion USD, up by 79% year on year; value of newly-signed contracts is 14 billion USD, up by 12.2% year on year.

Turnover by region: Asia 2.26 billion USD, up by 81.4%, accounting for 44.7%; Africa 2.11 billion USD, up by 101%, accounting for 41.8%; Latin America 0.18 billion USD, up by 60.7%, accounting for 3.6%; Europe accounts for 6.9%; Oceania and North America accounts for 1.4% and 1.6% respectively.

Value of newly-signed contracts by industry: communication & transportation development 4.8 billion USD, accounting for 33.9%; petrochemical 3.4 billion USD, accounting for 24%; housing construction 2.5 billion USD, accounting for 17.7%; power 2.3 billion USD, accounting for 16.3%; manufacturing and processing.05 billion USD, accounting for 3.5%; telecommunications 0.2 billion USD, accounting for 1.6%; water supply and drainage .01 billion USD, accounting for 0.5%; and others 0.3 billion USD, accounting for 2.2%.

In January of 2010, the turnover realized in labor service is 0.69 billion USD, up by 11.3% year on year; the new contracted value is 0.84 billion USD, up by 27% year on year. The labor service personnel dispatched overseas in January are 24.2 thousand, increased by 9.9 thousand; labor service personnel overseas by the end of January, are 770 thousand, up by 53 thousand.