Foreign deals on the rise in China

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.