同城上饶棋牌下载

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                2. Foreign investment increase in 10 months

                  Byzjx

                  同城上饶棋牌下载 Updated Wed, 17 Nov 2004 00:00:00 GMT

                  China's direct foreign investment increase over 53 per cent in October, bringing the total of this year to more than the whole of 2003.

                  Actual foreign direct investment (FDI) is summed up to US$53.781 billion in the first 10 months, up 23.47 pe r cent year-on-year.

                  Contracted direct investment, an indicator of future trends, increased by 34.19 per cent to US$119 billion in the same period.

                   China has approved 35,202 new foreign-invested ventures in the 10 months, up 7.66 per cent.

                      the data of official information shows actual FDI in October was US$5.089 billion, up 53.37 per cent from a year earlier.

                   The rate was higher because of the impact of the disease's aftermath.

                  Other data in October have reinforced confidence, as growth in industrial production, consumer prices and money supply have shown some easing-up.

                  China has moved to prevent overheating in some selected industries such as real estate, steel, aluminium and cement production.

                      More capital is expected in fields such as banking, tourism, commerce, health and education as China sticks to December 11 WTO deadlines.

                  it is believed FDI inflow will reach US$60 billion this year, judging by the present growth rate.

                   The Chinese Government has predicted actual FDI to China will match or exceed US$53.5 billion in 2003.

                      The World Investment Report 2004, released by the United Nations Conference on Trade and Development (UNCTAD) in September, predicted FDI would hit US$60 billion this year, compared with US$53.5 billion last year.

                      Another report issued by the Ministry of Commerce and the Academy of International Trade and Economic Co-operation on Friday said China's total foreign trade for 2004 is expected to jump by 30 per cent year-on-year to US$1.1 trillion.

                      The report said that by year-end, China was expected to rank third in the world in terms of export value, moving one place up compared from year. The value of China's imports will remain third in the world.

                      Imports and exports in the first 10 months rose 35.8 per cent year-on-year to US$926.47 billion dollars.

                      The ministry attributed China's surging foreign trade to an improving domestic economy, the recovering world economy and tax rebates for foreign companies operating in China.

                      The report forecasts brisk border trade and increasing direct investment will boost China's foreign trade value in 2005.

                      But soaring oil prices, continuing unrest in the Middle East and uncertainty of the US economy climate casts shadows over trade prospects.

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