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U.S. companies obtain good return from investment in China

2007-08-24 05:08

From:Xinhua Article type:Reproduced

BEIJING, Aug. 24 -- U.S.-invested companies yielded about 80 billion U.S. dollars in sales revenue on China's domestic market last year, with combined profit climbing to 10 billion U.S. dollars.

By the end of 2006, the United States has built 50,000 enterprises on Chinese mainland with actual investment exceeding 54 billion U.S. dollars.

Development of Sino-U.S. trade is beneficial to both sides and U.S. companies have earned a fair return from investment in China, said Chinese Vice Commerce Minister Gao Hucheng at a press conference held in Beijing on Thursday.

According to survey by the American Chamber of Commerce in China (AmCham-China), 73 percent of U.S.-funded companies believe they earn profits, 60 percent of them saw their profits increasing, and37 percent say the profits in China are higher than their average global profits.

One of every four KFC chain stores is in China and the fast-food giant has set up about 1,800 stores in the country. CocaCola Company, the world's largest beverage producer, sold 1.1 billion boxes of coke in China, meaning every four Chinese drank three boxes of coke.

U.S. consumers also benefit from Sino-U.S. trade as they saved more than 600 billion U.S. dollars by buying products made in China in the last 10 years, said Gao.

Research by the U.S.-China Business Council shows bilateral trade cooperation is expected to add 1,000 U.S. dollars to the disposable income of each U.S. family by 2010.

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