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China Reports Increase in Overseas Investment
China scored 49.35 billion U. S. dollars in contractual overseas investment in the first nine months of the year, up 30.35 percent from the same period in 2000.
From January to September, the country approved 18,585 projects of direct overseas investment, up 18.14 percent, according to Gao Yan, spokeswoman with the Ministry of Foreign Trade and Economic Cooperation.
During the same period, China had an actual flow of 32.2 billion U.S. dollars of overseas investment, up 20.66 percent.
By September this year, the country has altogether approved 382, 930 overseas financed projects, with the contractual overseas investment amounting to 726.07 billion U.S. dollars and the actual inflow of overseas investment standing at 380.8 billion U.S. dollars.
China has also made progress in expanding business overseas, said Gao, adding that Chinese companies have now made investments in more than 160 countries, in businesses ranging from project contracting, labor cooperation, exploration of resources to the processing trade.
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