Overseas Direct Investment to China Up in Contractual VolumeOverseas direct investment in China during the first 10 months this year increased 37 percent in contractual volume from the same period last year.According to the latest statistics from the Ministry of Foreign Trade and Economic Cooperation (MOFTEC), the number of newly approved overseas-invested companies in the country totaled 17,493, up 28.44 percent. Their contractual investment volume amounted to US$43.516 billion, up 37.00 percent. Materialized overseas direct investment declined 3.04 percent to US$31.402 billion, mainly because of the decline in contractual volume over the past few years following the Asian financial crisis. According to MOFTEC, the total number of overseas-invested ventures in China by October stood at 359,306, with contractual investment volume at US$657.577 billion. Direct investment volume from overseas was US$339.254 billion. |
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