Foreign Trade Overview
In 2005, Beijing's trade volume reached US$158.18 billion, with export volume of US$37.98 billion and import volume of US$120.2 billion. Exports included US$17.28 billion worth of electro-mechanical products and US$12.91 billion in new and hi-tech products. From January to July 2007, growth rates for Beijing's four major exports were all over 60%. Beijing's largest export market is the EU, while ASEAN has surpassed Japan and the US to become the second largest export market for Beijing.
Beijing approved the establishment of over 7,600 overseas-invested enterprises in the period 2001-2005, a growth rate of 86% over the period 1996-2000. The city attracted US$21.23 billion in contracted FDI, with actualized investment of US$12.2 billion in the period 2001-2005, up 81.1 percent and 23.3 percent respectively from 1996-2000.
There are now over 8,000 foreign-invested enterprises, accounting for 3% of all listed companies in the city. Among these enterprises, 3,500 are in the secondary industries and 4,400 are in the tertiary sector. These foreign-invested enterprises are mainly clustered in the Haidian District, Chaoyang District, Fengtai District, Xicheng District, Dongcheng District and the Daxing District. There are over 700,000 employees in these enterprises, accounting for 10% of the total number of employees in Beijing, among which 330,000 are in the secondary industries and 340,000 are in the tertiary industries.
Foreign and Domestic Investment Comparison
In 2006, Beijing had actualized investment of 366.56 billion RMB from other Chinese cities, provinces, municipalities and autonomous regions. Heilongjiang, Guangdong and Hebei ranked the top 3 in terms of investment, with 43.64 billion RMB, 33.96 billion RMB and 33.58 billion RMB respectively. There are over 97,700 enterprises set up by investors from cities outside of Beijing, mainly in the commercial service sector, scientific research, technological services, geological exploration, wholesale and retail. Domestic Investment in Beijing (2005)
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Foreign Trade Overview In 2005, Beijing's trade volume reached US$158.18 billion, with export volume of US$37.98 billion and import volume of US$120.2 billion. Exports included US$17.28 billion worth of electro-mechanical products and US$12.91 billion in new and hi-tech products. From January to ...
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