Cross-border processing investment doubles
(People's Daily Online)
Updated: 2004-11-12 15:12

As learned from the Ministry of Commerce, a total of 95 cross-border processing trade projects were approved or filed by the ministry in the previous three quarters of this year including 9 additional investment projects.

The total investment domestic and foreign amounts to US$286 million, of which the domestic investment yielded US$242 million, almost doubling that of last year.

The current features of China's cross-border processing investment are as follows. Asia, Africa and the former Soviet Union are the major investment spots for China's enterprises and so the number of invested projects, the amount of agreed investment and China's investment take up more than 90 percent of the total investments.

The traditional industries such as the light and textile and electromechanical are still the key industries for the cross-border trade of China's enterprises. Except in agriculture, all other projects concentrate on these industries and have formed a group of enterprises highly marketable and competitive.

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