Zhejiang sees a recovery of foreign-run businesses

It s learnt from the annual inspection report of Zhejiang foreign-invested businesses released by Zhejiang Provincial Administration for Industry & Commerce on Sept. 8 that the increase rate of capital contribution of the foreign-invested businesses of Zhejiang in 2009 was the highest over the years. The data which represents a wind vane of the state of the introduction of foreign investment indicates that the development tendency of foreign-run businesses in Zhejiang is strong.

Some of the foreign-invested businesses have gained an economic recovery. Among the enterprises which have taken the examination this year, the total profit of profit-making enterprises reaches 110.096 billion yuan, with a net profit of 98.105 billion yuan, which is an increase of about 17 billion yuan than the previous year. The average net return on assets (ROA) of Zhejiang foreign-invested businesses this year accounts to 12.71%, an increase of 1.05% than the previous year.