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Foreign investors send back profits of 57.94 bln USD from China in five years

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Since  China's  accession  to  the  World  Trade  Organization  (WTO)  in  2001,  foreign  investors  remitted  abroad  profits  of  57.94  billion  U.S.  dollars  from  China.  
Vice  Minister  of  Commerce  Yi  Xiaozhun  made  the  remarks  in  Shanghai  Wednesday  at  an  international  symposium  on  China's  entry  into  the  WTO.  
During  the  past  five  years,  China  imported  goods  worth  2.4  trillion  U.S.  dollars  from  other  trade  partners,  he  said.  
The  figures  show  that  China's  economic  growth  provided  a  good  opportunity  for  foreign  investors  and  gave  an  impetus  to  the  world  economy,  Yi  said.  
By  the  end  of  last  June,  71  overseas  banks  had  built  branches  in  China,  and  they  were  allowed  to  provide  Renminbi  services  for  institutional  clients  in  25  cities,  according  to  figures  from  the  Ministry  of  Commerce.  
Meanwhile,  23  joint-venture  fund  management  companies  and  seven  joint-venture  securities  companies  had  been  established  in  the  country.  
According  to  China's  commitment  to  the  WTO,  it  will  fully  open  its  financial  market  by  the  end  of  this  year.  
Figures  from  the  World  Bank  show  that  since  China's  accession  to  the  WTO,  its  economy  has  contributed  13  percent  to  the  global  economic  growth.