From Bloomberg:
Almost two-thirds of China’s largest manufacturers are foreign companies, first among them Motorola Inc., the world’s second-biggest cell-phone maker and No. 6 among all industrial companies in the world’s fourth-largest economy, a report said.
Motorola had 74 billion yuan ($9.28 billion) in sales in China in 2005, far more than the 49 billion yuan of rival handset maker Nokia Oyj, which was the second-largest foreign company in China in terms of sales and No. 12 overall, according to the report released today by China’s National Bureau of Statistics.
“Foreign invested companies are important players in China’s manufacturing sector,” the report, China’s Top 500 Manufacturers in 2006, said. “They help drive growth.” [Full Text]
