Actually Used FDI in China Exceeds 48 Billion US dlrs

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Last updated at: (Beijing Time) Thursday, December 12, 2002

Actually Used FDI in China Exceeds 48 Billion US dlrs

Actually used foreign direct investment in China hit 48.01 billion US dollars in the first 11 months of this year, up 14.59 percent from the same period last year, latest figures show.

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Actually used foreign direct investment in China hit 48.01 billion US dollars in the first 11 months of this year, up 14.59 percent from the same period last year, latest figures show.

Statistics released Wednesday by the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) show in the first 11 months, a total of 30,728 foreign-funded enterprises were set up in China, an increase of 34.1 percent over the corresponding period last year.

Contracted foreign investment rose 27.38 percent to 76.95 billion US dollars in the period, MOFTEC figures show.

Since adopting the policy of opening-up, China has approved the establishment of 420,753 foreign-funded enterprises with a contracted foreign investment of 822.24 billion US dollars and actually used foreign investment of 44.32 billion US dollars by the end of November.

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