In 2007, the attraction to foreign investment of the development zones (parks) across the province was still quite good. The quality of introduced foreign investment has been improving , the FDI has entered the stable period with new characters.
In 2007, the amount of newly introduced foreign-funded projects of the development zones (parks) across the province decreased while the program quality improved. There were 1057 newly introduced foreign-funded as well as Hong Kong-invested, Macao-invested and Taiwan-invested enterprises into the development zones (parks) across the province in 2007; the number decreased by 262 (or near 20%) as compared to that of the previous year. Although the number of projects decreased, the scale and quality both improvede. There were 26 projects from Top 500 companies around the world and 502 projects with invested capital over 10 million USD, 5 more than the previous year.
The withdrawal of foreign-funded enterprises increased, most in manufacturing industry. In 2007, 266 foreign-funded as well as Hong Kong-invested, Macao-invested and Taiwan-invested enterpriseswere withdrawn or cancelled; 99 more as compared to that of the previous year; among which, there were 6 development zones (parks) with over 15 withdrawn foreign-funded enterprises, most in textile or manufacturing industry of garments, shoes and hats.
The economic benefits of foreign-funded enterprises increased dramatically. In 2007, the foreign-funded as well as Hong Kong-invested, Macao-invested and Taiwan-invested enterprises of the development zones (parks) across the province realized the sales revenue of 633.74 billion RMB Yuan (increasing by 28.8%) and the tax revenue of 18.23 billion RMB Yuan (increasing by 42.9%); the tax revenue rise was 17% higher than that of overall situation in development zones (parks).
The investment in service industry increased rapidly as well. Through visits and investigations, we found that the hotspots of foreign investment gradually transferred to high-tech industry, residents service industry, logistics, education, real estate and other service industries. Invested project number and investment amount both increased, which is favorable for perfecting and promoting the industrial structure of development zones (parks) and keeping sustainable development of economy.
Source:HangZhou Daily
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