Motorola (China) Electronics Ltd. has become the leading foreign-funded enterprise in China, according to a list of Foreign-funded Enterprises 500 in China based on sales volume from the International Business Daily sponsored by the Ministry of Foreign Trade and Economic Cooperation. Motorola Electronics recorded a total sales volume of 31.3 billion yuan (US$3.78 billion) from November 2000 to October 2001 � a 7.6 billion yuan (US$919.3 million) increase over the previous year.
According to the Foreign-funded Enterprises 500 list, Shanghai Volkswagen Automotive Company Ltd.�s sluggish sales growth contributed to its losing its lead that it had kept for the past nine years. Moving to second place, it lagged far behind Motorola with only a 2 billion yuan (US$241 million) increase over last year�s 26 billion yuan (US$3.14 billion) sales.
Guangdong Mobile Communication Company, the mobile phone giant, and China National Offshore Oil Corp. (CNOOC) ranked third and fourth with 25.5 billion (US$3.08 billion) and 18.9 billion yuan (US$2.28 billion) sales respectively. Coming in fifth was Shanghai Volkswagen Automotive Marketing Company Ltd..
Most Foreign-funded enterprises in the list are based in Shanghai city, Guangdong Province and Jiangsu Province.
(Beijing Morning Post December 6, 2001, translated by Alex Xu for china.org.cn December 7, 2001)
