As part of the ongoing hardening of the stance of China’s government when it comes to foreign investment in this country, Xinhua has released a study from the Chinese Ministry of Information Industry (MII) that says about 90% of Chinese electronics originate with foreign-invested enterprises in China.
The MII says that during the first two months of the year, exports of electronic products from foreign ventures in China reached $19.6 billion, or 41%, over the previous year.
MII also says that the sales of foreign ventures in China’s electronic information industry account for 81% of the industry’s sales and 79% of its profit.
The report follows claims by the Ministry of Finance that declared recently that foreign invested companies in China are not paying their fair share of taxes.