Actual Overseas Investment in China Surges

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Last updated at: (Beijing Time) Tuesday, October 15, 2002

Actual Overseas Investment in China Surges

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Actual foreign investment in Chinaregistered a year-on-year increase of 22.55 percent from January to September, according to the latest statistics from the Ministry of Foreign Trade and Economic Cooperation.

During the first nine months, China approved the setting up of 24,771 foreign-funded firms, up 33.36 percent year-on-year, involving 68.38 billion US dollars in contractual investment, a 38.38 percent increase.

The amount of foreign investment realized during the period totaled 39.56 billion US dollars, up 22.55 percent from the same period last year.

By the end of September, China had approved 414,796 foreign-invested enterprises. The contractual overseas investment involvedreached 813.67 billion US dollars, of which 434.78 billion dollarshad arrived.

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