« [previous]It is said that China is developing the implementation method for foreign firms to merge and acquire Chinese enterprises. Could you give a description about this matter and how it progresses now? | home |[next]Would you talk about the adjustment of the import tariff policy issued for implementation on October 1 this year? »
What is the role that foreign-invested enterprises play in the development of China's national economy?
What is the role that foreign-invested enterprises play in the development of China's national economy?
Absorbing foreign investments not only makes up for the lack of China's construction capitals, but also introduces a lot of advanced and applicable technologies and experiences, impels the advancement of Chinese open economy, accelerates the growing of our country's high- and new-tech industries, and facilitates the establishment and improvement of our socialist market economy.
Foreign-invested enterprises have created volumes of employment chances, and have fostered a big number of talents. Presently, foreign-invested enterprises directly employ 23 million peoples, accounting for 10% of the total labor population in the cities and towns. Foreign investments have helped the country increase the taxes and foreign exchange incomes, thereby enhancing the competitiveness of Chinese economy as well as the country's overall strength. During January to September of 2002, the incremental industrial value produced by foreign-invested enterprises amounted to 576.6 billion yuan, increasing by 12.7% over the value in the same period of last year and accounting for 25.64% of the whole country's incremental industrial value.
During January to September of 2002, the taxes paid by foreign-invested enterprises amounted to 255.446 billion yuan, increasing by 17.12% over the taxes in the same period of last year and accounting for 25.64% of the whole country's taxes income. Therefore, foreign-invested enterprises have become an undividable part and a new growth source of the country's national economy, and have made significant contributions to the rapid, sustainable, stable development of our economy.
