Utilised foreign direct investment (FDI) during the first 10 months of 2001 totalled US$37.25bn, 19 per cent higher than in the same period of 2000, according to the Ministry of Foreign Trade and Economic Cooperation. Contracted FDI over the period totalled Yn55.2bn, 27 per cent higher. The number of new foreign enterprises approved over the period was 20,549, a year-on-year increase of 17.5 per cent.
Chinese trade officials have forecast that China will receive US$46bn in utilised foreign direct investment in 2001, up from US$40.7bn in 2000. DBS Bank in Singapore predicted a figure of US$43bn in 2001 and at least US$40bn in 2002. The slight decline was attributed to a hold up in investment plans after the September 11 terrorist attacks in the US, but the bank said China's liberalisation policies would help to set it apart from other, slowing economies.