Foreign firms book 58 pct of Chinese exports

Newswire

BEIJING, Feb 28 (Reuters) - Foreign-owned firms accounted for 58.3 percent of China's exports last year and 58.7 percent of imports, the National Bureau of Statistics said in its 2005 annual report released on Tuesday. The bureau gave no comparison, but economists say the figure has been gradually climbing as multinational companies have poured into China to take advantage of its deep pool of cheap labour to process imported components for export. Chinese officials cite the dominant ...

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