China had used US $53.18 billion of EU funds by the end of last year, or 8% of total foreign funds used in China. According to a latest survey by the European Union Chamber of Commerce in China, as high as 92% of EU enterprises which have investment in China are optimistic about their business development, 6% higher than in 2005.
According to a latest survey by the European Union Chamber of Commerce in China, as high as 92% of EU enterprises which have investment in China are optimistic about their business development, 6% higher than in 2005. EU has been the largest technology provider for China and it was the top source of technology import for China in 2006. China imported 2,597 items of technologies from EU last year, with contractual funds totaling US $8.66 billion or 39.3% of China’s total.
The contractual funds volume was higher than that with Japan, totaling US $5.24 billion, and that with the United States, which was US $4.23 billion. China had imported an accumulated 24,108 items of technologies from EU by the end of last year, with contractual funds of US $ 98.66 million.
China’s imports and exports increased by 20 percent year-on-year to US $ 620.79 billion last year. Exports rose 22.3 percent to US $325.57 billion and imports grew 21.2 percent to US $ 295.22 billion. China’s trade surplus stood at US $30.35 billion.
Foreign direct investment (FDI) from the EU into China dropped sharply from 6 billion Euros ($ 9.3 billion) in 2006 to 1.8 billion Euros last year. It was quite a small amount if compared with the total foreign investment by the EU. Meanwhile, Chinese investment in the EU also decreased significantly from 2.2 billion Euros in 2006 to merely 0.5 billion Euros last year.