In the first six months of 2002, actual foreign direct investment (FDI) in China rocketed to 24.58 billion U.S. dollars
Published:
20 July 2002 y., Saturday
In the first six months of 2002, actual foreign direct investment (FDI) in China rocketed to 24.58 billion U.S. dollars, setting a record growth rate of 18.69 percent year-on-year.
Meanwhile, as the contract value of FDI saw a rapid growth, actual investment is expected to continue to soar in coming months.
According to the latest statistics released by the Ministry of Foreign Trade and Economic Cooperation (MOFTEC), the contract value of FDI in the first half-year grew 31.47 percent to 43.99 billion U.S. dollars, with 15,155 new foreign-funded projects approved.
Local analysts attributed the rigorous growth of FDI to three factors as well as social stability and improving infrastructures in China. The three factors are China's entry into the World TradeOrganization (WTO), the steady growth of the Chinese economy and the strategic readjustment of multi-national companies.
In 2000, FDI in China grew only one percent, compared with an all-time high of 15.7 percent in actual investment in 2001. Actual FDI in 2001 totaled 46.9 billion U.S. dollars.
Šaltinis:
People's Daily Online
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
An International Monetary Fund mission led by Mr. Paulo Drummond visited Bissau during January 12-27, 2010, to discuss the government’s medium-term economic program that could be supported by the IMF under the Extended Credit Facility.
more »
The International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have agreed to support US$1.9 billion in debt relief for the Republic of Congo, which includes US$255.2 million of debt relief from the two institutions.
more »
In 2009, net external assets of Monetary Financial Institutions remained negative but increased by LTL 9.3 billion.
more »
Spain's Minister for Science and Innovation, Cristina Garmendia, supports making R&D+i at the heart of Europe as a key to economic recovery.
more »
Lithuania and Malta granted reprieve on budget deficits; Hungary and Latvia on track to meet deadlines.
more »
More responsibility for fishermen, rules favouring good fishing practice and adjusting fisheries management models to complement and improve the traditional quota system should be among the key aims of common fisheries policy reform, say MEPs in an own-initiative report approved by the Fisheries Committee on Wednesday.
more »
On January 8, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Yemen.
more »
On January 22, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Norway.
more »
Agriculture can help to slow climate change, but should be ready to adapt to the impact of global warming, said Agriculture Committee MEPs and scientists at a public hearing on Wednesday.
more »
The Ministers for Employment of the European Union are holding an informal council on Thursday 28 and Friday 29 January which will lay the foundations for drawing up the common policies in the area of employment which the European Union will adopt over the next ten years as part of the “2020 Strategy”.
more »