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Foreign-funded businesses record good performance


Foreign-funded companies in Tianjin, an industrial base in North China, realized 279.2 billion yuan (35.3 billion US dollars) in gross industrial output value in the first eight months of this year, a growth of 32.1 percent over the year earlier level.

The municipal commerce commission said between January and August, the businesses garnered 312.5 billion yuan (39.6 billion US dollars) in sales income, up 30.7 percent, and 18.87 billion yuan (2.4 billion US dollars) in gross profits, up 17.9 percent.

The foreign-funded companies handed in 18.93 billion yuan (2.4 billion US dollars) in taxes, up 66.9 percent. Their exports went up 18.6 percent to 16.3 billion US dollars, or 79.1 percent of the city's total, the commission said.

By the end of August, there were in Tianjin 19,124 foreign-funded businesses. They involved 63.64 billion US dollars in foreign capital, of which 32.8 billion US dollars was actually used.

From: Xinhuanet  2006-10-25 11:09

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Editor: Zhang Jialu
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