Utilised foreign direct investment (FDI) into China in the first quarter of 2002 totalled US$10.11bn, 27.5 per cent more than in the same period last year, according to figures from the Ministry of Foreign Trade and Economic Co-operation. Contracted FDI rose by 11.43 per cent to US$17.85bn. The ministry did not give figures for March alone, but it earlier released figures for the first two months of the year. These showed growth of 28.7 per cent in utilised FDI, to US$5.87bn, and an increase of 24.4 per cent in contracted FDI, to US$11.45bn.
Actual FDI is expected to reach as much 5 as US$50bn this year, up from US$46.8bn in 2001, according to unsourced estimates published in Economic Daily.