According to figures published by China Daily, Grand Cayman ranks seventh in the list of top investors in the world's most populous country
During the first eight months of 2007, the report states, overseas investors set up 24,848 new enterprises in China. While that number is down 5.26 percent year-on-year, the actual investment value rose 12.79 percent from a year earlier to US$41.95 billion.
In August, the Chinese government approved 3,150 foreign ventures nationwide. Again, the number of investors is down, this time by 8.83 percent from 2006, but the value of the investments, totalling US$5.02 billion, is up by 11.87 percent.
Looking at the two largest financial markets, the USA and the European Union (EU), show a mixed picture. EU investment in China is down by one-third in value with 7.65 percent fewer enterprises registered. While the numbers of USA-based investors is also down, this time by 15.12 percent, the value of their investments is up slightly by 0.77 percent.
From 1 January to 31 August, the top ten countries and regions accounted for 86.55 percent of the total nationwide investment by value in China.
The top investor, Hong Kong (US$14.1 billion), was followed by the British Virgin Islands (US$9.91billion), the Republic of Korea (US$2.46 billion), Japan (US$2.25 billion), Singapore (US$1.64 billion) and the United States (US$1.63 billion).
In seventh place, the Cayman Islands contributed US$1.51 billion.
The Samoan Islands (US$1.12billion), Taiwan Province (US$952 million), and Mauritius (US$753 million) made up the final three.