With John Huang
According to the People's Republic of China (PRC) Ministry of Commerce (MOFCOM), 10,538 technology contracts1 were registered with MOFCOM with an aggregate value of U.S.$22.02 billion in 2006, an increase of 15.6 per cent from 2005. Fees received by foreign transferors of technology accounted for 67 percent of the total value (i.e., U.S.$14.76 billion).