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23 Million Chinese Employed by Foreign-funded Firms
Up to now China sees 23 million people working in the foreign-funded enterprises, officials of the Ministry of Foreign Trade and Economic Cooperation ( MOFTEC) revealed at the Beijing International Hi-tech Industry Expo.

Up to the last April the Chinese government has approved the establishment of over 398,900 foreign invested enterprises in China with the use of contracted foreign funds to reach US$776.5 billion while the actual use of them is US$409.3 billion only as the statistic figures of the MOFTEC indicate.

Since 1993, China has for nine years in succession stood out first from among the developing countries in the use of foreign funds, and the second in the world. So far there are more than 180 countries and regions making investment in China.

The accumulated investment of the first ten countries and regions are put in order like this: Hong Kong SAR, the USA, Japan, Taiwan Province, Singapore, Virgin Islands, the ROK, Britain, Germany and France.

As Li Jiang, an official of the MOFTEC expressed, the "settle-down" of foreign invested enterprises in China has helped increase the job opportunities, stepped up the merging of the Chinese and world economy.

The foreign-funded enterprises have solved an employment of 23 million people in China, accounting for over 10 percent of all workforces in Chinese cities and towns.

The official also expressed, the Chinese government are in the course of adjusting the policy for soliciting foreign funds by reducing the projects that used to set gags on foreign funds for investment.

Foreign businessmen are encouraged to invest in industrial bases in the middle and west China and to inject funds into projects of mining and that for ecological and environmental protection.

(People’s Daily May 28, 2002)

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