Cayman is 7th top Chinese investor
The Cayman Islands is ranked 7th in the list of top investors in China.
According to the recent report, during the 1st 8 months of 2007 overseas investors set up 24 848 new enterprises in China. This number is down 5.26% year-on-year, however, the actual investment value rose 12.79% from a year earlier to USD 41.95 billion. In August 2007, the Chinese government approved 3 150 foreign ventures nationwide. While the number of investors is down 8.83% from 2006, the value of the investments rose 11.87%, with a total of USD 5.02 billion.
From January 1 to August 31, the top 10 countries and regions accounted for 86.55% of the total investment by value in China. The top investor is Hong Kong, which accounted for USD 14.1 billion. It is followed by the BVI, which accounted for USD 9.91 billion, and the Republic of Korea, which accounted for USD 2.46 billion. Japan contributed USD 2.25 billion, Singapore – USD 1.64 billion) and the US – USD 1.63 billion. The Cayman Islands takes the 7th place as its contribution accounted for USD 1.51 billion.