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Foreign-funded firms made an impressive contribution to the economic growth in China's capital Beijing in 2002, said Li Zhao, director of the Beijing Municipal Foreign Trade and Economic Commission, on Monday.
In 2002, the city's foreign-funded companies generated exports worth US$4.02 billion, up 23.5 percent from 2001, and accounting for 68.1 percent of Beijing's total exports.
Over the first nine months of 2002, more than 5,000 foreign-funded companies in Beijing employed 505,000 locals altogether.
By the end of 2002, a total of 9,172 foreign-funded ventures had registered with Beijing's municipal industrial and commercial departments. About 8,028 foreign companies have opened offices in Beijing.
(Xinhua News Agency January 21, 2003)
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