China's Overseas Direct Investment
The overseas direct non-financial investment of China was US$6.92 billion in 2005, up by 25.8% compared with same time last year; equity investment was US$4.07 billion, accounting for 58.8%, up by 53.6%; reinvested earnings was US$2.85 billion, which was a calculation based on statistics in 2004, accounting for 41.2%, same as that of the previous year.
There were 1067 enterprises approved and put on record by the Ministry of Commerce, and the value of Chinese contractual investment was US$ 6.954 billion, up by 87.3%.
Analysis according to overseas direct equity investment of the non-finance in 2005, there were 30 countries and regions with Chinese overseas direct investment of over US$10 million, total investment was US$3.91 billion, accounting for 96% of total equity investment; there 6 countries and regions of Hong Kong, ROK, Cayman Island, Canada, Australia and US with Chinese overseas direct investment of over US$100 million.
Analyzed from geographical distribution of the investment, China's overseas direct investment was mainly in Asia in 2005, which was US$2.453 billion in total, accounting for 60.3%, mainly in Hong Kong, ROK, Thailand, Cambodia, Japan, Mongolia, Vietnam, Yemen and Indonesia; investment in Latin America was US$659 million, accounting for 16.2%, mainly in Cayman Island, British Virgin Islands and Venezuela; investment in Africa was US$280 million, up by 6.9%, mainly in Sudan, Algeria, Nigeria, South Africa and Zambia; investment in North America was US$270 million, accounting for 6.7%, mainly in US and Canada; investment in Europe was US$257 million, accounting for 6.3%, mainly in Russian Federation, Germany, Britain and Kazakhstan; and investment in Oceania was US$148 million, accounting for 3.6%, mainly in Australia and New Zealand.
Analyzed from industry distribution, China's overseas direct investment was US$1.178 billion in manufacturing industry, accounting for 29%, US$1.169 billion in mining, accounting for 28.7%, US$1.071 billion in information transmission, computer services and software, accounting for 26.3%, US$212 million in business service, accounting for 5.2%, US$132 million in wholesale and retail, accounting for 3.2%, US$88 million in communications and transportation, accounting for 2.2%, US$73 million in agriculture, forestry, animal husbandry and fishery, accounting for 1.8%, US$71 million in building industry, accounting 1.7% and US$76 million in other industry, accounting for 1.9%.
Analyzed from investment form, China's overseas direct investment was US$1.77 billion to build a factory, accounting for 43.5% of the equity investment; direct investment depending on mergers and acquisition was US$2.3 billion, accounting for 56.5%.