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Foreign Investment in China Recovers Increase
After several years of blowing, foreign investment in China now has restarted to increase. Gao Yan, spokesman for the Ministry of Foreign Trade and Economic Co-operation said, the general situation of the usage of foreign investment is favorable this year. From January to September, the newly approved number of directly foreign-funded items in China had reached 18,580, an increase by 18.14 percent over the same period last year. The contractual investment volume hit US$49.347 billion, up by 30 percent and the volume of investment involved by actually implemented contracts reached US$32.196 billion, a surge of 20.66 percent. So far China has approved 382,930 foreign-funded enterprises. The contractual investment volume reached US$726.066 billion and the actually implemented contracts involved US$380.82 billion.
The proportion of large and hi-tech enterprises has increased among the rapidly rising foreign-funded enterprises with more and more transnational companies setting up their research centers in China. Besides, this country has also witnessed a smooth development in foreign trade and other economic projects.
By PD Online Staff Du Minghua
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