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
Statistics Lithuania informs that based on provisional data as of 1 April 2008 foreign direct investment (FDI) made LTL 33.63 billion, or by 2.8 per cent less than on 1 January 2008.
more »
Boston-based Celent LLC has published a new report about the state of the Turkish credit-card market, which has developed rapidly over the last decade and is expected to represent a high-growth opportunity.
more »
Fastest annual revenue growth since 1999 fuels 32% increase in earnings per share.
more »
First Data Shareholders to Receive $34 per Share in Cash;
Transaction Valued at $29 Billion
more »
Belarus' international reserves decreased by 3.8 percent in January 2007 to $1,329.9 million as of February 1, according to the National Bank of Belarus (NBB).
more »
The Minsk Tractor Works (MTZ) manufactured nearly 172 billion rubels worth of industrial products in the first month of 2007, which was a 19.8-percent year-on-year increase.
more »
The Belarusian government plans to borrow up to $1 billion abroad this year to cushion the effects of a sharp hike in the price of energy resources.
more »
Russia's Audit Chamber has suggested reviewing all economy agreements between Belarus and Russia, Andrei Kokoshin, head of the standing committee on CIS affairs in the State Duma (Russia's lower parliamentary house), said on Thursday.
more »
Belarus is contemplating the purchase of two oil wells in Russia, a senior executive at the Belneftekhim state-controlled petrochemical concern said Tuesday.
more »
Aleksandr Lukashenko warned that a slowdown of Belarus' economic development pace could undermine public confidence in the government and damage the country's image in the international arena.
more »