Foreign-funded enterprises in China exported high-tech products
worth US$192 billion in 2005, accounting for 43.2 percent of its
total export, according to figures from the Ministry of Commerce.
Meanwhile foreign-funded enterprises imported high-tech products
worth US$157.98 billion, accounting for 40.8 percent of its total
import, the ministry said.
The government has promulgated a series of policies to encourage
foreign investment to flow into the high-tech sector. Figures show
during China's 10th Five-Year Plan period (2001-2005), more than
US$70 billion of foreign investment were ploughed into the
high-tech sector.
The proportion of high-tech products in foreign-funded
enterprises' exports rose 18.2 percentage points in the past five
years, according to the ministry.
(Xinhua News Agency January 28, 2006)
