Home>>Business
Last updated at: (Beijing Time) Wednesday, May 14, 2003

China Reports Steady Growth of Overseas Investment

China's mainland reported a steady growth of direct overseas investment in the first four months this year, with the volume up more than 50 percent both in terms of contractual and utilized investment.


PRINT DISCUSSION CHINESE SEND TO FRIEND


China's mainland reported a steady growth of direct overseas investment in the first four months this year, with the volume up more than 50 percent both in terms of contractual and utilized investment.

The Ministry of Commerce said Tuesday that the direct overseas investment on China's mainland from January to April added up to 30.528 billion US dollars in contractual volume, up 50.13 percent over the same period last year.

Materialized overseas investment during the period was 17.823 billion US dollars, up 51.03 percent.

A total of 12,198 new overseas-invested firms were approved during the four months, marking an increase of 34.19 percent.

In April alone, the mainland approved 3,574 new overseas-invested companies, up 28.07 percent. Overseas investment added upto 7.546 billion US dollars in contractual volume, up 27.18 percent. Used overseas investment in the month was 4.737 billion US dollars, up 37.24 percent.

The top ten sources of overseas investment were Hong Kong, the Virgin Islands, the United States, Japan, the Republic of Korea, China's Taiwan Province, Singapore, Germany, the Cayman Islands and West Samoa, which accounted for 86.94 percent of all the investment China's mainland received during the period.

The majority of the overseas investment for the period came in the manufacturing sector, followed by the service sector, according to the Ministry of Commerce.


Questions?Comments? Click here
    Advanced






Chongqing to Improve Investment Environment: Vice-mayor

Domestic Fair Lures Record Number of Foreign Investors

Overseas investment in Tianjin surges in first quarter





 


Chinese Premier on Importance, Difficulty of SARS Control in Rural Areas ( 16 Messages)

US Asks UN to Approve Iraq Occupation ( 26 Messages)

Wu Yi on Value of Traditional Medicine in SARS Treatment ( 12 Messages)

"Shenzhou V" Spacecraft to be Launched as Scheduled ( 10 Messages)

April to Turn round Unfavorable Balance in Trade ( 2 Messages)



Copyright by People's Daily Online, all rights reserved