Cumulative FDI in China exceeds $750b
Wednesday, 29 August 2007
BEIJING, Aug 28 (Xinhua): China's actual use of foreign direct investment (FDI) had cumulatively exceeded 750 billion US dollars by the end of June this year since the beginning of its opening-up policy in 1978, according to a senior commerce official.
Vice Minister of Commerce Wei Jianguo said the country had approved the establishment of 610,000 foreign-funded enterprises by the end of June this year.
In the first half of 2007, exports of foreign-funded enterprises accounted for 57 per cent of the nation's total, said Wei at a forum on the social responsibility of foreign-funded enterprises.
Currently, more than 28 million people work in these enterprises, or about 10 per cent of the employed population in cities and towns of the country.
Vice Minister of Commerce Wei Jianguo said the country had approved the establishment of 610,000 foreign-funded enterprises by the end of June this year.
In the first half of 2007, exports of foreign-funded enterprises accounted for 57 per cent of the nation's total, said Wei at a forum on the social responsibility of foreign-funded enterprises.
Currently, more than 28 million people work in these enterprises, or about 10 per cent of the employed population in cities and towns of the country.