Xiamen, a coastal city in east China, approved 157 overseas-funded projects with a contractual foreign investment of US$568.15 million in the first half of this year, up 9.8 percent and 29.8 percent, respectively, from a year earlier.
This reversed the decline trend of overseas investment the special economic zone had sustained in recent years, local officials said.
Statistics show industrial projects were approved in the half-year period, involving US$532 million and covering such industries as textiles, chemicals, medicine, machinery, electronics and communications.
In the past six months, overseas capital came to Xiamen from 22 countries and regions, including the United States, Japan, Singapore, Australia, Canada, the Republic of Korea, Taiwan and Hong Kong.
(Xinhua 07/16/2001)
