About us
Since China’s reform and opening-up, driven by the tide of economic globalization, a lot of world-famous MNCs have entered China for development successively, bringing fund,technology and advanced operation philosophy & management mode, which have promoted China’seconomic development and social advancement. Meanwhile, these MNCs have also obtained good development achievements.
In 2005, the fourth year after its entry into WTO, China obtained outstanding achievements in the field of opening up: its total export-import volume reached USD 1,422.12 billion, increasing 23.2 per cent year on year. Among the total export-import volume, the export volume was USD 762 billion, increasing 28.4 per cent; and the import volume was USD 660.12 billion, increasing 17.6 per cent. Its accumulative actual-use foreign capital exceeded USD 600 billion already and over 500,000 foreign enterprises have been established in China, which form a USD 650 billion of annual import market for the country. The headquarters economy has already showed a favorable development trend in China, and the multinationals play important roles in promoting the development of its headquarters economy. At present, the investors from over 190 countries and regions around the world have invested in China already, and 450 of global top 500 enterprises have invested in this country. Meanwhile, there are more than 600 foreign-funded research institutions established throughout the country. As the number grows up, the foreign investment significantly plays an increasingly role in China's economic and social development. In 2005, the foreign enterprises' added value accounted for 27.8 per cent of the national added value and their paid-in tax amount accounted for 20.8 per cent of the national tax revenue. Furthermore, these enterprises employed over 20 million persons throughout the country. It's obvious that the foreign enterprises have effectively promoted the fast and healthy development for the Chinese economy. In the meanwhile, China accelerates its steps in implementing outgoing strategy, which now show a good development trend. By the end of 2004, the net amount of China's non-finance foreign direct investment (FDI) reached USD 44.8 billion throughout 149 countries and regions in the world; from January to December 2005, its non-finance FDI reached USD 6.92 billion. Currently, its outgoing businesses show the following characteristics: firstly, the market diversification shows prominent achievements and Asia has already become its largest outgoing market; secondly, an all-inclusive, wide-scope and multi-level outgoing pattern is gradually formed; thirdly, the transnational merges and purchases become the major approaches for its foreign investments; fourthly, the large project quantity increases and the technical content is improved; fifthly, the outgoing shows an increasingly obvious role in promoting the development of the national economy and the public relations.
The website of “MNC in China” is an internet platform for foreign and domestic MNCs to show their images, exchange their experience in multinational operation, discuss the theory about multinational operation, communicate information of MNC and learn China’s opening-up policies. Through “MNC in China”, the world can know more about China, China can merge into the world better, and the economy of China and the world will be further developed in a healthy way.
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