According to the Beijing Municipal Bureau
of Commerce, 185 of the Fortune world 500 top multinationals
have invested 12.26 billion USD on 355 projects in Beijing.
Among them there are 173 joint ventures and 159 solely foreign
funded businesses. They are typically controlled or held
by foreign capital.
They generate more than 40 percent of the total sales revenue,
profits and net profits of foreign funded enterprises in
Beijing. Their books record lower average assets liabilities
ratio and 63 percent higher return on capital than the average
of the local foreign businesses. Their return on assets
is double as much as and their profit margin is 23 percent
higher than the average.
Since 1980s, the world's top 500 have made
presence in Beijing by setting up production facilities
initially, then holding companies, followed by R&D centers
and regional headquarters. Now they have built some 300
offices, more than a hundred R&D institutes, and 80-plus
investment-oriented businesses in the capital city.
60 investors of the world top 500 in Beijing
are from the US, 49 from Japan, 15 from Germany, 11 from
France and 10 from UK.
.Source:People's Daily