ANNEXE : Foreign direct investment in China increases (11/13/2001) (xinhua)

China approved 20,549 new enterprises of foreign direct investment (FDI) from January to October 2001, 17.47 per cent above the same period last year, a source with the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) disclosed in Beijing on Tuesday.

During this period, the contracted foreign investment totaled US$ 55.20 billion, up 26.85 per cent over the same period last year, while foreign-funds in use increased 18.63 per cent to US$ 37.25 billion, according to the MOFTEC source.

By the end of October 2001, China had approved 384,894 foreign- funded enterprises

involving contracted foreign investment of US$ 731,92 billion, of which US$385.88 billion is in use.

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