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Investment sources

In terms of the sources of foreign investment in China, in 2015, 20,399 enterprises in China received investment from 10 Asian countries/regions (the Hong Kong SAR, Indonesia, Japan, the Macao SAR, Malaysia, the Philippines, Singapore, the Republic of Korea (ROK), Thailand and Taiwan, China), registering a year-on-year growth of 12.61% and accounting for 76.73% of the total. The amount of actual foreign investment from these countries/regions amounted to US$103,613 billion, up by 5.35% year-on-year and accounting for 76.42% of the total. The number of US-invested enterprises in China saw a year-on-year rise of 5.53% to 1,241, while the actual amount of investment declined by 11.89% from 2014 to US$2,089 billion. Fifteen EU countries invested in 1,612 enterprises in China, up

Table 1.3 Foreign-related tax revenue (mainly tax revenue from foreign direct investment), 1992-2015

Year

National tax revenue (RMB100 million)

Increase (%)

Total amount of foreign-related tax (RMB100 million)

Increase (%)

Share in the national tax revenue (%)

1992

3,084.16

122.26

3.96

1993

3,998.83

29.66

226.56

85.31

5.67

1994

4,854.20

21.39

402.64

77.72

8.29

1995

5,746.21

18.38

604.46

50.12

10.52

1996

6,607.98

15.00

764.06

26.40

11.56

1997

7,914.55

19.77

993.00

29.96

12.55

1998

8,949.76

13.08

1,230.00

23.87

13.74

1999

10,120.35

13.08

1,648.86

34.05

16.29

2000

11,831.03

16.90

2,217.00

34.46

18.74

2001

14,460.86

22.23

2,883.00

30.04

19.94

2002

16,932.18

17.09

3,487.00

20.95

20.59

2003

19,094.18

12.77

4,268.00

22.40

22.35

2004

23,121.91

21.09

5,355.00

25.47

23.16

2005

27,712.37

19.85

6,391.34

19.35

23.06

2006

33,662.57

21.47

7,976.94

24.81

23.70

2007

44,189.40

31.27

9,972.60

25.02

22.57

2008

52,453.84

18.70

12,118.93

21.52

23.10

2009

58,037.78

10.65

13,615.22

12.35

23.46

2010

71,182.96

22.65

16,389.91

20.38

23.03

2011

87,179.27

22.47

19,638.10

19.82

22.53

2012

97,830.35

12.22

21,768.81

10.85

22.25

2013

107,900.09

10.29

22,574.93

3.7

20.92

2014

116,331.90

7.81

24,920.60

10.39

21.42

2015

124,892.00

7.36

24,817.20

-0.41

19.87

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

Note

Tax revenue from foreign-invested enterprises accounted for more than 98% of foreign-related tax revenue. Tariffs and land charges were exchided.

11.79% year-on-year, and the actual input of foreign capital amounted to US$6.396 billion, representing an increase of 3.55% from 2014.

In 2015, the top 10 source countries/regions of investment in China (as per the actual input of foreign capital) were the Hong Kong SAR (US$86.387 billion), the British Virgin Islands (US$7.388 billion), Singapore (US$6.904 billion), the ROK (US$4.034 billion), Japan (US$3.195 billion), the United States (US$2.089 billion), Samoa (US$1.991 billion), Germany (US$1.556 billion), Taiwan. China (US$1.537 billion) and the Cayman Islands (US$1.444 billion). The actual input of foreign capital (US$116.525 billion) of the top 10 countries/regions accounted for 85.95% of the total foreign capital in actual use in China.

The data above includes relevant country’s investment in China through free ports such as the British Virgin Islands, Samoa and the Cayman Islands.

Table 1.4 Statistics of top 15 countries/regions with investment in China in 2015

Country/region

Number of enterprises

Amount of foreign investment actually used

Number

Share (%)

Amount (US$100 million)

Share (%)

Total

26,584

100

1,355.77

100

Hong Kong SAR

13,146

49.45

863.87

63.72

British Virgin Islands

373

1.40

73.88

5.45

Singapore

762

2.87

69.04

5.09

Republic of Korea (ROK)

1,958

7.37

40.34

2.98

Japan

643

2.42

31.95

2.36

United States

1,241

4.67

20.89

1.54

Samoa

340

1.28

19.91

1.47

Germany

425

1.60

15.56

1.15

Taiwan, China

2,962

11.14

15.37

1.13

Cayman Islands

112

0.42

14.44

1.07

France

208

0.78

12.24

0.90

Macao SAR

566

2.13

8.85

0.65

Netherlands

121

0.46

7.52

0.55

Bermuda

9

0.03

7.10

0.52

Luxembourg

26

0.10

6.30

0.46

Other

3,692

13.89

148.51

10.95

Free ports, such as Mauritius, Barbados, the Cayman Islands, the British Virgin Islands and Samoa, invested in 850 enterprises in China, 3.20% of the total, with an actual investment of USS 11.208 billion, accounting for 8.27% of the total. Other countries invested in 2,104 enterprises in China, accounting for 7.91% of the total, with an actual investment of USS12.046 billion, or 8.89% of the total.

In terms of the source countries/regions of investment, the actual investment in 2015 of the top 15 countries/regions totaled US$120,727 billion, accounting for 89.05% of the total amount of foreign investment actually used in China in the year. The top 15 countries (regions) in terms of actual investment in China in 2015 were the Hong Kong SAR, the British Virgin Islands, Singapore, the ROK, Japan, the United States, Samoa, Germany, Taiwan of China, the Cayman Islands, France, the Macao SAR, the Netherlands, Bermuda and Luxembourg (see Table 1.4 and Figure 1.1).

(1) Hong Kong SAR

The Hong Kong SAR is a major source of foreign direct investment (FDI). In 2015, the FDI outflow from the Hong Kong SAR reached US$55,143 billion, accounting for 3.74% of the global total FDI outflow (US$1,474,242 billion), down 126.88% from 2014.

The Hong Kong SAR has been the largest and most stable source of investment in the Chinese Mainland and remained in the top in terms of both the number of enterprises it invests in and the amount of investment. From 1979 to 2015, the

Top 15 countries and regions in actual investment in China in 2015 (unit

Figure 1.1 Top 15 countries and regions in actual investment in China in 2015 (unit: US$100 million).

number of enterprises established in the Chinese Mainland with investment from the Hong Kong SAR totaled 386,213, actually using US$833.325 billion of foreign investment, accounting for 47.87% of the total. In 2015, the Hong Kong SAR made direct investment in 13,146 enterprises in the Chinese Mainland. 49.45% of the total. The actual amount of investment from the Hong Kong SAR in 2015 stood at US$86.387 billion, representing 63.72% of the total, up by 3.78% from 2014.

(2) British Virgin Islands

The British Virgin Islands (BVI) is an important free port for FDI in the world. In 2015, the investment from BVI to China amounted to US$7.388 billion, making up 5.45% of the FDI absorbed by China.

As of 2015, BVI invested in 25,583 enterprises in China, accounting for 3.06% of the foreign-invested enterprises in China, with an accumulative actual amount of investment of US$149.174 billion, representing 8.57% of the total. In 2015, BVI invested in 373 enterprises in China, accounting for 1.40% of the total, with an actual investment of US$7.388 billion, accounting for 5.45% of the total.

(3) Singapore

In 2015, Singapore’s global outward investment fell by 10.27% from 2014 to USS35.485 billion, accounting for 2.41% of the global total FDI flow (USS 1,474.242 billion). Its investment in China in the same year amounted to

US$6,904 billion, accounting for 5.09% of the FDI absorbed by China and 19.46% of Singapore’s total outward investment.

In 2015, the number of enteiprises in China with direct investment from Singapore rose by 0.66% from 2014 to 762, constituting 2.87% of the total. Singapore’s actual investment in China in 2015 increased by 15.6%. As of 2015, Singapore-invested enterprises in China totaled 22,481, accounting for 2.69% of the total, with an actual investment of US$79,221 billion, making up 4.55% of the total.

(4) Republic of Korea

hi 2015, FDI outflow from the ROK totaled US$27.64 billion. The country's investment in China in the same year stood at US$4,034 billion, accounting for 2.98% of the FDI absorbed by China and 14.59% of the ROK’s outward investment. In 2015, the ROK invested in 1,958 enteiprises in China, accounting for 7.37% of the total and representing a year-on-year increase of 20.43%. Its actual investment in China in 2015 rose slightly by 1.69% from USS3.966 billion in 2014.

As of 2015, the ROK invested in 59,740 enteiprises in China, with a total actual investment of US$59,946 billion. The number of ROK-invested enterprises in China dropped from 4.008, or 11.7% of the total, in 2002, to 1,958 in 2015, or 7.37% of the total. Its actual investment rose from USS2.72 billion, or 5.2% of the total, in 2002 to the peak level of US$6.25 billion, or 10.3% of the total, in 2004, then fell year by year to US$3.04 billion (2.7% of the total) in 2012. Its actual investment in 2013 rose slightly from 2012 and reached US$3,054 billion, accounting for 2.46% of the total. From 2013 to 2015, its actual investment increased year by year, and reached US$4,034 billion in 2015, accounting for 2.98% of the total.

(5) Japan

Japan is an impoilant FDI source in the world. In 2015, Japan’s FDI outflow totaled US$128,654 billion, up by 11.71% from 2014, accounting for 8.73% of the global FDI outflow.

As of 2015, Japan invested in 49,840 enterprises in China, accounting for 5.96% of the total. Its accumulative actual investment in China amounted to US$101,825 billion, accounting for 5.85% of the total. In 2015, Japan invested in 643 enterprises in China, down 15.31% from 2014. Its actual investment in China in 2015 was US$3,195 billion, down 26.13% year-on-year. In 2015, the enterprises in China with investment from Japan accounted for 2.42% of the foreign-invested enterprises in China. Its actual investment in China in the same year was US$3,195 billion, 2.36% of the total.

(6) United States

The United States is the world’s largest FDI source. Its FDI outflow in 2015 amounted to US$299,969 billion, down by 5.53% year-on-year, accounting for 20.35% of the global total.

In 2015, the U.S. invested in 1,241 enterprises in China, accounting for 4.67% of the total, up 5.24% year-on-year. Its actual investment in China in 2015 reached US$2,089 billion, accounting for 1.54% of the total, down 13.50% from 2014, accounting for 0.70% of its total outward investment.

As of 2015, the United States invested in 65,847 companies in China, with an accumulated actual investment of US$77.47 billion. The share of U.S. investment in the total inflow of foreign investment in China was declining. The number of US-invested enterprises dropped from 3,363 (9.84% of the total) in 2002 to 1,176 (4.94% of the total) in 2014. Its actual investment fell from USS5.424 billion (10.28% of the total) in 2002 to US$2,089 billion (1.54% of the total) in 2015.

(7) Samoa

Samoa is a free port. In 2015, it invested in 340 enterprises in China, accounting for 1.28% of the total, and its actual investment amounted to US$1,991 billion, or 1.47% of the total.

As of 2015, Samoa-invested enterprises in China totaled 8,120, accounting for 0.97% of the total, and its actual investment stood at USS25.341 billion, or 1.46% of the total.

(8) Germany

Germany is one of the major FDI sources in the world. In 2015, the FDI outflow from Germany was USS94.313 billion, showing a year-on-year decline of 12.65% and accounting for 6.40% of the global FDI outflow. In 2015, the investment of Germany in China amounted to US$1,556 billion, accounting for 1.15% of the FDI absorbed by China and 1.65% of Germany’s outward investment.

In 2015, Germany invested in 425 enterprises in China, accounting for 1.60% of the total, and its investment amount was US$1,556 billion, accounting for 1.15% of the total. Judging from the actual investment amount, Germany’s investment in China has been fluemating in recent years. In 2012, Germany's actual investment in China rose by 28.9% year-on-year to US$1.45 billion, saw a further growth of 30.22% from 2012 to 2013, and did not have obvious change in 2014. In 2015, its investment in China dropped significantly by 33.10% from the US$2,071 billion of 2014. In terms of the number of investment projects, Germany’s direct investment projects in China decreased slightly by 8.52% from 458 in 2011 to 419 in 2012, and further dropped to 373 in 2013, down 10.98% year-on-year. The number of investment projects of Germany in China rose slightly by 2.86% from 2013 to 2014 and increased remarkably by 9.65% year-on-year in 2015.

As of 2015, Germany-invested enterprises in China totaled 9,002, accounting for 1.08% of the total. Its accumulated investment in China by 2015 amounted to US$25,466 billion, accounting for 1.46% of the total.

(9) Taiwan, China

The FDI outflow from Taiwan in 2015 was USS14.773 billion, up 13.96% year-on-year, accounting for about 1.00% of the global FDI outflow.

In 2015, 2,962 enterprises in the Chinese Mainland received direct investment from Taiwan, up by 21.74% year-on-year. The actual investment in the Chinese Mainland from Taiwan in 2015 was US$1,537 billion, declining by 31.29% from 2014.

As of 2015, Taiwan-invested enterprises in the Chinese Mainland totaled 95,298, with a total actual investment of US$62,689 billion, showing a downward trend. The number of Taiwan-invested enterprises in the Chinese Mainland dropped from 4,853 (14.20% of the total) in 2002 to 2,017 (8.84% of the total) in 2013. The number of Taiwan-invested enterprises increased continuously in 2014 and 2015, reaching 2,318 and 2,962 respectively, accounting for 9.74% and 11.14% of the total respectively. Its actual investment in the Chinese Mainland fell from US$3,971 billion (7.53% of the total) in 2002 to US$2,088 billion (1.68% of the total) in 2013, then to US$2,018 billion (1.57% of the total) in 2014 and US$1,537 billion (1.13% of the total) in 2015. Compared with 2014, the number of Taiwan-invested enterprises increased in 2015, but the amount of investment decreased.

(10) Cayman Islands

The Cayman Islands is also a free port. It invested in 112 enterprises in China in 2015, accounting for 0.42% of the total. Its actual investment in China in 2015 stood at US$1,444 billion, or 1.07% of the total.

As of 2015, the enterprises in China with investment from the Cayman Islands totaled 3,168, accounting for 0.38% of the total; its accumulated actual investment in China was US$30,172 billion, accounting for 1.73% of the total.

(11) Investment of BRI countries in China

In 2015, BRI countries invested in 2,164 enterprises in China, showing an increase of 18.32% over 2014. The foreign investment in actual use relating to these enterprises amounted to US$7,789 billion, up 25.34% over 2014.

Data in (1)—(11) above are from World Investment Report 2016 and statistics of foreign investment of the Ministry of Commerce of China.

 
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