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Editor’s notes

In order to strengthen the overall guidance and service for inward and outward investment and better provide policy and other information for Chinese enterprises investing abroad and for transnational corporations investing in China, with the support and guidance of the leadership of the National Development and Reform Commission (NDRC), the International Cooperation Center has developed the BRI Inward and Outward Investment Series (hereinafter referred to as "the Series”).

The Series aims to promote the Belt and Road Initiative (BRI) and China’s inward and outward investment. It consists of six books: China's Inward and Outward Investment Report 2016, China's Inward and Outward Investment Policy Guide 2016, BRI and International Cooperation in Industrial Capacity’: Industry Layout Research, BRI and International Cooperation in Industrial Capacity’: Respond to Local Development Challenges, BRI and International Cooperation in Industrial Capacity: Enterprises ’ Survival Strategy, and BRI and International Cooperation in Industrial Capacity: Country Cooperation Guide. We hope these books serve as a practical guide that meets the needs of readers for communication and cooperation.

This Series took eight months to complete. The editors collected and analyzed a large amount of information through interviews, surveys, requests for articles, and online research. In this process, the editorial team received generous support from the NDRC departments including General Office, the Department of Foreign Capital and Overseas Investment, the Department of Western Region Development and the Department of International Cooperation. Development and reform commissions of various provinces (autonomous regions, municipalities) supply us with a wealth of information. We gratefully acknowledge the generous support of the departments of the Ministry of Commerce (MOFCOM) - General Office, the Foreign Investment Administration and the Outward Investment and Economic Cooperation - and would like to thank foreign embassies in China for their invaluable assistance. Finally, thanks also go to China Machine Press for facilitating the publication of the Series.

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Editor’s notes

Director, NDRC International Cooperation Center

Executive Editor of the BRI Inward and Outward Investment Series

I. Development overview

China inward and outward investment analysis report 2015

(I) Foreign investment in China

Overview

In recent years, despite great fluctuations in global foreign direct investment (FDI), China's utilization of foreign capital has basically maintained steady growth.

The number of foreign direct investment projects registered 34,000 in 2002, more than 40.000 each year from 2003 to 2006, around 27,000 per year from 2008 to 2011. about 23,000 in 2013, approximately 24,000 in 2014, and 27,000 in 2015, an increase of about 11% from 2014.

The amount of foreign investment actually used increased from US$52.743 billion in 2002 to USS135.577 billion in 2015. This represents an increase of 5.51% from US$128.502 billion in 2014. In 2015. foreign-invested enterprises used US$95.285 billion of foreign investment, accounting for 70.28% of the total and up by 0.58% from 2014; Sino-foreign equity joint ventures used USS25.885 billion of foreign investment, accounting for 19.09% of the total and up by 18.86% from 2014; Sino-foreign contractual joint ventures used USS1.845 billion of foreign investment, accounting for 1.36% of the total (see Table 1.1).

Table 1.1 Foreign direct investment in 2015, by investor type

Investment type

Number of enterprises

Amount of foreign investment actually used

Number

Share (%)

Amount (US$100 million)

Share (%)

Total

26,584

100

1,355.77

100

Wholly foreign-owned enterprise

20,398

76.73

952.85

70.28

Equity joint venture

5,989

22.53

258.85

19.09

Joint stock enterprise with foreign investment

78

0.29

32.51

2.40

Contractual joint venture

110

0.41

18.45

1.36

Other

9

0.03

93.10

6.87

Source: Foreign investment statistics of the Ministry of Commerce of China.

Table 1.2 Statistics of accumulative foreign direct investment from 1979 to 2015, by type of investment

Enterprise type

Number of enterprises

Amount of foreign capital used

Number

Share (%)

Amount (US$100 million)

Share (%)

Total

836,595

100

17.409.06

100

Wholly foreign-owned enterprise

458,125

54.76

10,669.30

61.29

Sino-foreign equity joint venture

316,803

37.87

4,383.28

25.18

Sino-foreign contractual joint venture

60,662

7.25

1,100.07

6.32

Joint stock enterprise with foreign investment

591

0.07

186.48

1.07

Other

414

0.05

1,069.93

6.14

Source: Statistics of foreign investment of the Ministry of Commerce of China.

From 1979 to the end of 2015, foreign investors invested in 836,595 enterprises in China, with a total foreign capital of US$1,740,906 billion. Specifically. 458,125 enterprises, or 54.76% of the total, were wholly foreign-owned with US$1,066.93 billion of foreign capital utilized. 61.29% of the total; 316,803 enterprises, or 37.87% of the total, were equity joint ventures with US$438,328 billion of foreign capital used, accounting for 25.18% of the total; 60,662 enterprises, or 7.25% of the total, were contractual joint ventures with US$110,007 billion of foreign investment, accounting for 6.32% of the total (see Table 1.2).

From 1992 to 2014, the tax revenue from foreign-invested enterprises increased year-on-year from RMB12.226 billion in 1992 to RMB2,492.06 billion in 2014, up by 10.39% from 2013. Its share in the total national tax revenue increased from 3.96% to 21.42%. In 2015, the tax revenue from foreign-invested enterprises amounted to RMB2.481.72 billion, down by 0.41% from 2014, accounting for 19.87% of the national tax revenue (see Table 1.3).

 
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