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The following article was published in our article directory on January 25, 2011.
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China Obtained Investment Commitment Of 129 Million Last Year

Article Category: Business

Author Name: xia zihui

Economic recovery, China last year achieving progress optimistic forecast. The investment commitment than Economic development council (EDB) yesterday, according to figures released last year China attractive investment in Fixed assets (Fixed Asset Investments, abbreviation FAI) reach 129 million yuan, more than previously predicted 100 million yuan to 120 million yuan.

Promising new completion refinery bringing downstream (downstream) investment, approved by the board estimates thisyear whole year fixed asset investment will be able to achieve 1.2 billion yuan to 140 million yuan between.

In addition, reflect our country investment of other indicators such as annual Total Business expenses (Total Spending, abbreviation) program dedicated to a friend and the creation skill work, also surged over the past decade highs.

The total business spending from the year before last year's 6.8 billion yuan, increasing to 86 billion yuan, Create high technical work also from the previous 1 million copies, increased by 40% to 52 million copies, far more than 1300 earlier forecast between 1 million 4,000 to 1 million 7000 copies.

Approved by the bureau yesterday in early annual review press conference announced the above data. If regardless of the 2007 and 2008 for refinery facilities and driven by the one-time growth, last year's fixed assets investment is in the past decade highs. In 2007 and 2008 of the fixed assets investment respectively 17.2 billion and 180 million yuan.

Last year, the investment also brought 144 billion yuan of total Value (shops - without, abbreviation VA).

Looking through 2011, approved by the board chairman YeChengChang optimistic and confident Singapore can continue to attract overseas enterprises to come for investment.

He said: "2011 can continue to see if you did last year's growth momentum, Asia's growth story will continue, overseas enterprises in investment decisions have a strong will, we have observed from Europe and Japan enterprise very keen interest."

Approved by the bureau also expect, this year's total business spending between 75 million yuan to 90 million yuan, total annual value of 140 million yuan to 1.6 billion yuan, can create 10,000 6000 to ninety thousand copies of skills.

YeChengChang said: "from a commercial, creativity to the talent development, these are very interested in overseas enterprises in Asia continued to expand and deepen field, Singapore is in a good position."

Approved by the bureau chief MaXuanRen also pointed out in the press conference, approved by the bureau for this year fixed asset investment made relatively strong forecast, reflects the shell group and exxon mobil successively in our country investment steam cracking after the plant, will drive the field of chemical industry, a new round of high value-added downstream investment.

He pointed out that, in addition to field of chemical industry, manufacturing other areas such as electronic and medicament industry will also attract investment projects in this year China stationed in.

MaXuanRen pointed out that with Singapore gradually become many enterprise Asian bases, the year of the total business spending will also is expected to reach the level of record last year.

As for the prediction of skilled workers number has much last year, MaXuanRen explanation says, this is because last year experience strong economic recovery that makes the digital particularly high last year.

MaXuanRen also points out, from the beginning of this year, approved by the bureau decided to put the Total Business outside except depreciation expenses (Total Spending less depreciation) to join a friend of a series of index released, has been used to replace before the Total Business expenses to more accurately reflect and fixed assets not related economic activity.

The hair innings last year, according to figures except depreciation outside the total business spending for 72 billion yuan, also reached since 2005 highs. The figure is 58 billion yuan. Approved by the bureau of this spending this year's forecast for 60 billion to $75 billion yuan.

Approved by the bureau said that it will continue to focus on how to make Singapore from labor-intensive economic transformation in the form of capital, knowledge and innovation as the main impetus of economic for the people provides high quality of employment opportunities and professional prospect.

Last year the semiconductor industry equipment suppliers Kulicke & Soffa Co., us application Materials (Applied huge) and Procter & Gamble p&g (Singapore) companies announced as its Asian bases, Others, such as China sichuan han dragon group, the Netherlands Norit companies have announced in Singapore invested overseas and Asia Pacific headquarters.

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