CHINA: Foreign-funded auto investment total US $8.655 billion – report
China launched foreign-funded car parts projects with investment totalling US $8.665 billion last year; say Asian news sources (7/11/00). According to AsiaPort Daily News - quoting China's Association of Automakers - the country launched 444 projects. Contractual foreign investment in the ventures totalled US $2.471 billion, averaging US $5.57 million each.
China launched foreign-funded car parts projects with investment totalling US $8.665 billion last year; say Asian news sources (7/11/00). According to AsiaPort Daily News – quoting China’s Association of Automakers – the country launched 444 projects. Contractual foreign investment in the ventures totalled US $2.471 billion, averaging US $5.57 million each.
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