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Shanxi Actually Utilizing Foreign Investment Up by 103.0% from January to May
2008-06-24 10:45
  From:MOFCOM Tianjin Office    Article type:Reproduced



This year, Shanxi made great progress in investment solicitation. From January to May, Shanxi actually utilizing foreign investment stood at USD670m, up by 103.0% from the same period of last year. Among them, foreign investment in the statistics of MOFCOM was USD240m, up by 1.0% year-on-year. In the first five months, foreign-invested projects was 40 ones, down 27.0% year-on-year; total investment of projects was USD1.06b, down 61% year-on-year; foreign directly contractual investment reached USD730m, down 39.0% from the same period of last year. The decline in the number of newly approved enterprises, total investment of projects and contractual foreign investment showed that Shanxi has little potential in utilization of foreign investment and is in a serious situation.

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