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Zhejiang:
Foreign Investment Doubles in January
Zhejiang
Province in east China attracted US$585 million foreign investment
in January, up nearly 100 percent compared to the same month
last year.
Statistics
show that in January the province approved 248 foreign-funded
enterprises, with a total investment of US$920 million, and
attracted foreign investment worth US160 million. So far,
the province has attracted over US$30 billion of contractual
foreign investment to spur local economic development.
Sources
at the Ministry of Foreign Trade and Economic Cooperation
(MOFTEC) noted that there was a rapid rise in foreign investment
in China in the first month of 2002.
In January,
China approved the establishment of 2,370 overseas-funded
businesses, a year-on-year growth of 45.58 percent, according
to MOFTEC. (Xinhua News Agency February 21, 2002)
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