More Foreign Capital Flows into Jiangsu Province

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Saturday, October 28, 2000, updated at 11:30(GMT+8)

Business

More Foreign Capital Flows into Jiangsu Province

The latest statistics from east China's Jiangsu Province shows that newly endorsed contracted foreign capital flowing into Jiangsu province during the first three months has reached 6.05 billion U.S. dollars, up 50 percent over the same period last year.

The increase in the influx of foreign capital in this coastal province shows that China has gradually struggled out of the ominous clouds of the Asian financial crisis.

Major development zones in the province benefit most. The three State-level development zones in Suzhou headed by Suzhou Industrial Zone absorbed over half of the total volume of foreign capital the city attracted.

The foreign capital mainly flows into electronics, building machinery and textile industries.


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	The latest statistics from east China's Jiangsu Province shows that newly endorsed contracted foreign capital flowing into Jiangsu province during the first three months has reached 6.05 billion U.S. dollars, up 50 percent over the same period last year.




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