Despite earlier reports suggesting that an increasing number of foreign-funded enterprises in the Pearl River Delta region and other parts of South China are moving elsewhere, a survey, conducted by the American Chamber of Commerce in South China (AmCham South China) in partnership with Hewitt Association Consulting (Shanghai) Co Ltd, shows that most foreign-funded enterprises in South China plan to increase investment substantially.

The 419 firms polled are companies in which members of AmCham South China have invested and joint ventures and representative offices in South China.

The survey demonstrates that the foreign-funded enterprises plan to increase investment by at least $16 billion over the next three years, part of which will come from profits of on-the-ground operations. And 90% of the firms polled said they have been making profits or would become profitable within two years.

“The results indicate a high level of satisfaction with and optimism in the business environment in South China,” said Harley Seyedin, president of AmCham South China.

As a growing number of overseas investors are interested in exploring the vast Chinese market, BPOVIA Ltd based in China, a professional services provider for outsourcing companies, welcomes all clients across the globe.

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Intel Corp, the world’s largest computer chip maker, signed a deal with SMG, one of China’s most influential media and entertainment groups, to develop Internet TV.

Intel will invest $12 million in Shanghai Media Group (SMG) and provide technical support under a 2005 agreement. Its multicore platform will be used to consolidate new Internet technologies, integrate innovative user experiences and visual interfaces and develop the next-generation video platform using virtualization technology.

“Global demand for Internet TV, or broadband online TV, is increasing rapidly due to the proliferation of Internet technology,” said Arvind Sodhani, president of Intel Capital, the company’s venture investment arm. “Intel is delighted to cooperate with SMG to develop the broadband online TV platform in China. Collaboration with Intel will stimulate the innovation and development of Chinese new media,” he said.

The new media market which includes interactive TV, mobile phone TV and IPTV, is expected to take off in China. The number of subscribers is expected to soar to nearly 35 million by 2012, according to CCID Consulting.

“The proliferation of the Internet makes it easier for us to do business with overseas clients. We are in a position to get an easy access to foreign businessmen looking for domestic outsourcing companies. As a professional virtual assistant provider, we always welcome contacts and tasks from old and new clients alike,” said James Huang, CEO and founder of BPOVIA Ltd based in China.

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Foreign investment in China continued to surge in the first quarter of this year. Realized foreign investment reached $2.74 million during the first quarter of the year, up 61.26% on an annual basis and in March alone foreign investment was $9.28 billion, up 39.6% year-on-year.

The number of newly set up enterprises declined. From January to March, government-approved foreign-invested enterprises numbered 6,949, down 25.26%, which means that large enterprises are increasing investment in some large projects. Commerce Minister Chen Deming said that the number of projects with an investment of over $30 million for the first two months increased 2.5 times the number of the same period last year.

In spite of worries that corporate income tax law that came into effect this year might impede the FDI flow, “the latest figures show the investment strategy of large enterprises were not influenced by these policy changes,” said Wang Zhile, director of the research center for transnational corporations under the Ministry of Commerce.

Experts said that the sustained increase in FDI indicates that China is still attractive for foreign investors despite the tax increase for foreign enterprises. “It shows that China remains an attractive market for multinationals” because of its large market, vast manufacturing capacity and relatively low costs, said Wang.

China now encourages foreign investors to participate in reforming State enterprises through mergers and acquisitions and expects more high-tech enterprises and restrict projects in heavy energy-consuming sectors.

For foreign investors and businessmen interested in the Chinese market, BPOVIA Ltd based in China is ready to provide its professional services to facilitate your business processes in the country.

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Since last year, China has carried out special campaigns against environmental-polluting companies. All the violators will find it difficult to get loans besides export opportunities. Furthermore, the worst violators would face shutdowns of more than three years, according to government statements.

On this year’s Canto Fair, or the China Import and Export Fair, companies that were placed on a blacklist by environmental regulators were banned to exhibit, which meant huge losses for these companies.

During the spring session of Canton Fair which concluded on Wednesday, a great number of companies have introduced their “green” products, ranging from appliance, furniture to decorations and toys. What’s more, products using recycled materials were especially popular.

Chen Deming, Minister of Commerce, said China would maintain strict controls on polluting and energy-wasting companies, despite a tougher export situation.

As a respond to the appeal of environmental protection, virtual assistant business is developing quickly and “cleanly”. It has become a new doing-business type around the world—saving time, space, paper and money.

Our company, BPOVIA, will also help make a greener earth, while helping your business succeed.

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