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Actually used foreign direct investment in China hit US$48.01 billion in the first 11 months of this year, up 14.59 percent from the same period last year, latest figures show.
Statistics released Wednesday by the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) show in the first 11 months, a total of 30,728 foreign-funded enterprises were set up in China, an increase of 34.1 percent over the corresponding period last year.
Contracted foreign investment rose 27.38 percent to US$76.95 billion in the period, MOFTEC figures show.
Since adopting the policy of opening-up, China has approved the establishment of 420,753 foreign-funded enterprises with a contracted foreign investment of US$822.24 billion and actually used foreign investment of US$44.32 billion by the end of November.
(People's Daily December 12, 2002)
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