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Foreign investment sees steady increase
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| 日期:
2003-12-29 15:19
编辑:
system
来源：
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GUANGZHOU: Both foreign investment and trade witnessed sustained growth in Guangdong Province during the first nine months this year, despite the outbreak of SARS and a lacklustre global economy.
The southern Chinese province attracted actual offshore investment of US$10.712 billion between January and September, up 19.1 per cent from the corresponding period last year.
The province approved more than US$16.2 billion worth of direct foreign-funded projects in the first nine months, an increase of 29.9 per cent.
According to an official from the Guangdong Provincial Bureau of Foreign Trade and Economic Co-operation, the province's rural areas are now competing with the Pearl River Delta region in utilizing foreign capital resources.
The cities of Meizhou, Chaozhou, Zhaoqing and Yunfu in Guangdong's mountainous areas and Foshan have all enjoyed more than 50 per cent year-on-year increase in actual foreign investment from January to September, the official said.
Most of the foreign investment has gone to development of the province's service industries, the official added.
In addition to the Hong Kong Special Administrative Region, Germany, South Korea, Canada and the Netherlands have greatly increased their investment since the beginning of the year.
Speaking at a working conference on foreign investment on Monday, Tang Bingquan, executive vice-governor of Guangdong Province, urged that usage of foreign investment be taken to a new level this year.
Tang particularly hoped Guangdong can further expand economic ties with Hong Kong and try to attract investment to develop the province's service and manufacturing industries, which are playing an increasingly important role in the economy.
Guangdong, which usually attracts little investment from the central government, relies heavily on foreign investment to develop its economy, Tang said.
Despite SARS and the Iraqi war that affected the global economy, Guangdong reached import and export volume of more than US$200.93 billion in the first three quarters this year, statistics from Guangdong Customs revealed yesterday.
Edited by chief editor Li Guixiang. |
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