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| Author: | |
| Title: | Bonded areas: new growth points of China's export-oriented economy (original in Chinese) |
| Journal: | China National Conditions and Power Monthly (c)
1996 : 10, p.19-20 |
| Index terms: | FOREIGN INVESTMENT TAX POLICY CHINA |
| Language: | chi |
| Abstract: | In 1995, there were 3173 investment projects, newly approved in 13 bonded areas. Among them, foreign-invested enterprises were 1410, accounting for 44.4%, and domestically-funded ones, 1763, accounting for 55.6%, up 80% over last year. The contracted foreign investment for the whole year amounted to US$ 1.8 billion, up almost 80%. The total volume of loans for import and export in the 13 bonded ares was near US$ 4.6 billion, among which the volume of import and export were US$ 2.824 and US$ 1.768 billion, up 61% and 142% over last year, respectively. After several years of development, bonded areas began to display their vigor as a result of expanding opening to the outside world and developing export-oriented economy. |
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