Tianjin, the largest port city in north China, had used 1.625 billion of foreign investment during the first half of this year, up 28.4 percent from the same period of last year.
The city had approved 299 foreign-funded projects during the first six months of this year with total investment of US$2.7 billion.
This figure was a record high for Tianjin, said Chen Liming, director with the city's Commission of Foreign Trade and Economic Cooperation.
During the six months, Tianjin's gross domestic product (GDP) had increased by 12 percent, despite the world weak economic situation, said the official.
So far, Tianjin has approved 13,000 foreign-funded enterprises involving a total contractual foreign funds of US$30 billion.
(Xinhua 08/01/2001)
