The first four months of 2002 saw a year-on-year rise of 29.06 percent in the overseas funds used in China, according to statistics released by the Ministry of ForeignTrade and Economic Cooperation (MOFTEC) Wednesday.
Figures showed that the overseas investment already in use totaled US$14.14 billion during the first quarter, while the contractual overseas investment registered a growth of 5.1 percent at US$21.28 billion.
The setting up of 8,920 overseas-funded enterprises has been approved in the period, an increase of 20.01 percent.
By the end of April 2002, China had approved 388,945 overseas-funded enterprises. The contractual investment totaled US$766.57 billion, of which US$409.36 billion has already been put to use.
(People's Daily May 15, 2002)
