Perhaps more important than the amounts of trade flows and foreign direct investment and loans flowing into China are the economic ramifications of that investment. Currently, more than half of China’s exports and imports originate from foreign affiliated enterprises located in its economy. In 2003, as shown in Figure 4
above, 55% of China’s exports and 56% of its imports were accounted for by foreign funded enterprises. Among provinces and metropolitan areas, Guangdong, Jiangsu,