Foreign investment in China’s Zhuhai SEZ up 8.9 percent in first half of 2006

19 July 2006

Zhuhai, China, 19 July – Direct foreign investment (DFI) in the Zhuhai Special Economic Zone in the first six months of 2006 reached a value of US$ 426 million, an increase of 8.9 percent over the same period last year, media have reported.

The Zhuhai Daily said DFI in the SEZ at the end of the year will total around US$ 786 million.

Zhuhai’s deputy major, Chen Honghui, told the newspaper that Hong Kong was the main foreign investor in the SEZ, accounting for over a half of all DFI.

Over 3,600 Hong Kong-registered companies were operating in the Zhuhai SEZ at the close of 2005.

Taxes paid by foreign companies in Zhuhai represent some 70 percent of receipts collected by the Chinese municipality.

Zhuhai’s GDP increased 1.2 percent in the first half of 2006 in relation to last year, said the same article, adding that this figure reached a value of yen 34.3 billion, the highest figure recorded since 1995.

Exports from Zhuhai in the first six months of 2006 were worth yen 6.6 billion, up 42.1 percent in a year-on-year comparison.

The Zhuhai SEZ has a population of 1.2 million. (macauhub)