Overseas Direct Investment to China Surges

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Last updated at: (Beijing Time) Tuesday, January 15, 2002

Overseas Direct Investment to China Surges

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Overseas direct investment to China (FDI) in 2001 surged more than 10 percent both in terms of contractual and materialized volume, the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) announced Monday.

China approved a total of 26,139 overseas-invested companies last year, up 16.01 percent from that of the previous year. The volume of contractual FDI reached 69.191 billion U.S. dollars, up 10.43 percent.

Materialized overseas investment added up to 46.846 billion U.S. dollars, up 14.9 percent, the highest in history, said MOFTEC.

The total number of overseas-invested firms in China now stands at about 390,000, involving an overseas investment of 745.9 billion U.S. dollars in contractual volume. Arrived overseas investment added up to 395.469 billion U.S. dollars.

Analysts say that China's stable economic situation amid a slowdown in the world economy is the main factor behind the FDI growth. Many overseas companies have increased their investment in China following the country's entry into the World Trade Organization.

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