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Overseas Investment Keeps Rising in China
China continued to be a good destination for international investors in the first seven months of this year.
According to the latest statistics released at an investment forum Monday in Tianjin, a total of 14,058 foreign-funded enterprises were set up in China during the period.
The country had attracted some 40.3 billion US dollars of contracted overseas investment and 24.2 billion US dollars had already been put into use, according to the figure released by the Ministry of Foreign Trade and Economic Cooperation.
The contracted overseas investment duringhe first seven months of this year was 45.77 percent more than that in the same period of last year, the statistics showed.
In July alone, the figures show, 2,085 enterprises were set up, 6.9 billion US dollars-worth of overseas investment contracts were signed and a total of 3.5 billion US dollars of overseas funds had been put into real use, up respectively 16.48 percent, 98.24 percent and 28.96 percent over the same period last year.
Experts attributed the rapid increase of overseas investment in China to such factors as the capital flow driven by the slow-down of the world economy, and China's coming entry into the World Trade Organization.
By the end of this July, China had altogether approved 378,402 foreign-funded enterprises, with 717 billion US dollars of contractual overseas investment, and 372.8 billion US dollars of realized overseas investment.
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