Foreign direct investment (FDI) in mainland China originating in Macau totalled US$10.51 billion and 12,921 projects in the first four months of this year, according to the Macau Trade and Investment Promotion Institute (IPIM).
Cited by Macau Portuguese-language daily newspaper Ponto Final, the IPIM figures showed that the figure accounted for 27.7 percent of total FDI in mainland China in the period, which totalled US$37.88 billion.
IPIM also said that the statistics published by the Trade Ministry of the People’s Republic of China showed that in 2011 238 projects investment projects from Macau-based companies were approved.
“The economic relationship between Macau and the mainland has become stronger in the last few years with an increase in the number of companies from the territory setting themselves up in the Chinese market,” the institute said.
Last week Macau took part in the 1st China International Trade and Services Fair (CIFTIS), during which 15 cooperation deals were signed by entities from Macau and mainland China, namely in the conventions and exhibitions sector, culture and the creative industries, environmental protection, finance, and tourism. (macauhub)