China's FDI up 22% during Jan-Nov period
(Xinhua)
Updated: 2004-12-14 17:01

Foreign direct investment (FDI) to China's mainland grew 22 percent in real terms from January to November, the Ministry of Commerce said in Beijing Tuesday.

Contractual volume of FDI in the first 11 months of 2004 reached US$135.038 billion, up 34.36 percent. The materialized volume was US$57.553 billion.

China approved a total of 39,291 new overseas-invested companies on the mainland during the first 11 months of the year, up 7.31 percent from the same period last year.

The ministry said there are a total of 250,000 overseas-invested firms in operation on China's mainland, including 450 of the 500 world top multi-national companies.

China's Minister of Commerce Bo Xilai said in early December that China will keep its policy of using FDI stable. He promised that China will provide better market access to overseas investors, step up the protection of intellectual property rights and create a better investment environment.

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