China's actual use of foreign direct investment (FDI) had
cumulatively exceeded US$ 750 billion 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 percent 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 percent of the employed population in
cities and towns of the country.
China actually used US$ 36.93 billion in FDI in the first seven
months of 2007, a growth of 12.92 percent year-on-year, according
to the Ministry of Commerce.
Wei said China will unswervingly push forward opening-up and
reform and continue to attract foreign investment in an active and
effective way.
China will strive to improve the quality and level of foreign
investment, with efforts to adjust industrial structure and guide
foreign investment to its relatively underdeveloped central and
western regions, according to Wei.
(Xinhua News Agency August 28 2007)
