The tourist city in southwest China's Guangxi Zhuang Autonomous Region used 110.67 million US dollars of foreign funds in 1999, according to latest statistics.

The city approved the establishment of 48 foreign-funded enterprises, involving a combined contractual investment of 152.31million US dollars.

Authorities note that the city's use of foreign investment was affected by the remaining impact of the Asian financial crisis and the low increases in the world economy and trade last year.

However, Guilin actively took measures to attract foreign investors. The city attended various economic and trade fairs both overseas and abroad and signed more than 20 projects, drawing a huge amount of foreign funds.