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.
(, February 12, 2002)