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Mainland's Actual Use of Overseas Investment Up 11.56% in Q1
POSTED: 1:43 p.m. EDT, April 13,2007

The Chinese mainland's actual use of overseas investment in the first quarter totaled 15.893 billionU.S.dollars, a rise of 11.56 percent year on year, the Ministry ofCommerce said here Thursday.

Hong Kong, the British Virgin Islands, Japan, the Republic of Korea, Singapore, the United States, Cayman Islands, Sumoan Islands, Taiwan and Mauritius were the top ten sources of the investment, it said.

The actual investment of the top ten accounted for 86.02 percent of the total.

The number of newly-approved overseas-funded companies reached 9,297 in the first quarter, up 4.36 percent year on year, it said.

From January to February this year, China used 9.71 billion U.S. dollars in foreign capital, up 13.04 percent year on year, according to official figures.

From: xinhua
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