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)
