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Date: 13/APR/2000
Foreign direct investment in China increased in the first quarter
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Ma Xiuhong, Assistant Minister of Foreign Trade and Economic Cooperation, said 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.
The first three months this year saw
significant increase in foreign direct investment in China. 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.
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