Shanghai's Volkswagen has surpassed
Motorola to rank first on a list of the top 500 overseas companies
to invest in China in 2004.
Figures from the Ministry of Commerce indicate that
Volkswagen's sales revenue in China last year was about 57 billion
yuan or 7 billion US dollars, a 30 percent rise over 2003.
The top ten overseas enterprises included General
Motors, HP, and Dell.
Guangdong and Shanghai are still the favored destinations
for outside investment, housing 135 and 101 overseas companies
respectively.
Overseas firms in China come from a range of 30 countries
and regions but Hong Kong companies overwhelmingly top the list,
with over 170 holdings on the Chinese Mainland.
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