There was a rapid rise in foreign investment in China in the first month of 2002, sources with the Ministry of Foreign Trade and Economic Cooperation ( MOFTEC) announced Monday.
In January, China approved the setting up of 2,370 overseas-funded businesses, a year-on-year growth of 45.58 percent, according to the MOFTEC.
Total contractual foreign investment reached 7187 million U.S. dollars, up 47.97 percent. The realized foreign investment in January was 2966 million U.S. dollars, an impressive 33.54 percent increase.
(People’s Daily, February 12, 2002)
