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S. China city absorbs more foreign direct investment
Latest Updated by 2006-11-06 15:03:28
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Shenzhen, an economic engine in south China's Guangdong Province, approved the setting-up of 2,292 foreign-funded enterprises in the first three quarters of the year, local government sources said on Friday.

The number was 9.8 percent higher than a year earlier.

Between January and September, Shenzhen absorbed 4.07 billion U.S. dollars in contracted foreign capital, up 6 percent, and actually used 2.59 billion U.S. dollars, up 11.6 percent. More than half of the contracted foreign capital went to the service sector, the sources said.

Some 120 of the 2,292 projects declared investment of more than 10 million U.S. dollars each, and 56 projects involved investment of more than 30 million U.S. dollars each, the sources added.

Editor: Yan

By: Source: China View website
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