China utilized $595.2 bln. foreign capitals by July-end

By the end of July, China had approved the establishment of 533,593 foreign-funded enterprises and actually utilized 595.191 billion USD.

This was revealed by Liu Yajun, an commerce official responsible for investment promotion, who is acting as the vice secretary-general of the organizing committee of the 9th China International Fair for Investment and Trade (CIFIT) and ASEM Trade and Investment Expo held in Xiamen.

At the press conference on Sept.7 Liu reaffirmed that attracting foreign investment remains an important part of China's opening-up policy. Over the 27 years China has made remarkable achievements in this aspect with its investment environment improving. Foreign capital sources are from more than 190 countries and regions. Over 400 out of the world's top 500 multinationals have made presence in China, with 40 of them having their regional headquarters based here. There are more than 750 foreign-funded R&D centers in China.

Liu also applauded progress on the government's pushing Chinese enterprises toward the international market. By the end of last year, the net non-financial investment overseas by Chinese businesses reached 44.8 billion USD. In addition, 114.028 billion USD's worth of contracted projects in foreign markets had been carried out, which reflected 156.294 billion USD's worth of contracts.

Labor export generated 30.82 billion USD with contracts valued at 36.11 billion USD. 3.193 million laborers had joined overseas labor force.

By People's Daily Online