Home>News Center>China
       
 

FDI in Beijing hits record high
(Xinhua)
Updated: 2006-01-07 20:32

Beijing attracted 5.79 billion U.S. dollars in contracted foreign investment and actually used 3.42 billion U.S. dollars in the first 11 months of last year, according to local economic cooperation authorities.

The authorities said foreign direct investment, or FDI, actually used in China's capital was a record high for the 11-month period.

Beijing approved establishment of 7,626 overseas-invested enterprises in the 2001-2005 period, a growth of 86 percent over the 4,100 level for the 1996-2000 period.

The city attracted 21.23 billion U.S. dollars in contracted FDI and actually used 12.2 billion U.S. dollars, up 81.1 percent and 23.3 percent respectively from the 1996-2000 period.

More than half of the FDI in Beijing went to modern manufacturing, the local economic cooperation authorities said.

According to latest data provided by the authorities, Beijing approved establishment of 2,529 foreign-invested manufacturing enterprises between 2001 and 2005, up 27.1 percent from the 1996-2000 period. The sector absorbed 6.61 billion U.S. dollars of contracted FDI, up 160 percent; and actually used 3.69 billion U.S. dollars.

Last year, foreign investors spent more in the modern service sector, ranging from consulting, real estate, catering and entertainment services to computer, software, information, banking and insurance and logistics services.



Mascots for Int'l Animation Festival unveiled
Residents enjoy "Laba Porridge" on Laba Festival in Beijing
Panda pair for Taiwan revealed
  Today's Top News     Top China News
 

Minister: One-child policy to remain in coming years

 

   
 

Mainland seeks peaceful cross-Straits ties

 

   
 

China's economic development benefits Asia

 

   
 

Japan to negotiate with US in new UN bid

 

   
 

Al-Qaida touts US troop cuts in Iraq

 

   
 

Anti-corruption drive an arduous task

 

   
  Meeting of CPC discipline watchdog issues communique
   
  China to keep population below 1.37b
   
  Mainland seeks peaceful cross-Straits ties
   
  Surrogate pregnancy challenges social ethic
   
  Minister: One-child policy to remain in coming years
   
  Poll: Work stress blamed for poor health
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement