Wednesday, April 12, 2000, updated at 10:22(GMT+8)
Business
First Quarter Sees Increased Foreign Investment in China
The first three months this year saw significant increase in foreign direct investment in China, according to statistics released at Tuesday's press conference for the ongoing Fourth China Fair for International Investment and Trade.
Ma Xiuhong, assistant minister of foreign trade and economic cooperation, told the media that a total of 4,316 foreign-funded enterprises were authorized during the first quarter, rising 22.5 percent from the same period last year.
Total contractual foreign investment reached 11.08 billion U.S. dollars, up 27 percent year-on-year, with paid-in foreign capital dropping 2.72 percent to 7.14 billion U.S. dollars.
In March alone, the three indices, including the number of foreign-funded enterprises authorized, contractual foreign investment and paid-in foreign capital, registered significant increase rates of 43.16 percent, 50.37 percent and 10.28 percent from a year earlier, respectively.
The first three months this year saw significant increase in foreign direct investment in China. A total of 4,316 foreign-funded enterprises were authorized during the first quarter, rising 22.5 percent from the same period last year.
