China had made use of foreign investment of over 400 billion U.S. dollars by February 2002, the Ministry of Foreign Trade and Economic Cooperation said Wednesday.
By February this year, China had approved the establishment of 393,988 foreign-funded businesses, with contractual foreign investment totaling 756.74 billion U.S. dollars, of which 401.1 billion U.S. dollars had been used, the ministry said.
In the first two months of this year, China approved the setting up of 3,963 overseas-funded businesses, a year-on-year growth of 23.65 percent.
During the same period, the total contractual foreign investment reached 11.45 billion U.S. dollars, up 24.41 percent, and the used foreign investment was 5.87 billion U.S. dollars, a 28.37 percent increase.
(Xinhua News Agency March 14, 2002)
