Multinationals invest more in China
Multinationals are investing more in joint ventures in China, taking a bigger or even controlling share, according to a recent two-year survey carried out by Nankai University. The report was based on research carried out into the 200 main joint ventures in north China's port city of Tianjin.
In Sino-Japanese joint ventures, Japanese investors invested less than the Chinese partner at the initial stage when the new companies faced a series of risks, but added more capital later when production increased, according to the survey. There was a similar trend with joint-investors from Korea, Germany and other countries. According to the Tianjin Foreign Trade and Economic Commission, from January to October 2001, joint ventures acquired an additional investment of US$930 million, of which US$810 million came from foreign investors.
Since 1979 Tianjin has set up 14,097 joint ventures with a total investment of US$43.3 billion. The city has attracted many famous multinationals including Motorola, Coca-Cola and Panasonic.
