Xiamen Reports Foreign Investment Rebound

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Last updated at: (Beijing Time) Sunday, November 25, 2001

Xiamen Reports Foreign Investment Rebound

This port city in east China's Fujian Province reported a rebound in foreign investment utilization in the third quarter of this year after more than two and half years of consistent decline.

This port city in east China's Fujian Province reported a rebound in foreign investment utilization in the third quarter of this year after more than two and half years of consistent decline.

During the three months, the city newly approved 97 foreign- financed enterprises,, involving contracted investment totaling 358 million U.S. dollars, and actually putting 530 million to use.

In September alone, Xiamen used 245 million U.S. dollars of foreign capital, the highest amount since the start of this year.

Local officials attributed the success to a series of measures taken by relevant departments since June this year to facilitate foreign investment.

Statistics show that in the first nine months of this year, Xiamen approved a total of 254 foreign-funded projects, involving 989 million U.S. dollars of contractual investment and putting 914 million to use, up 19 percent and 31 percent respectively.

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