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Volume of new overseas contracted projects up 20% in first 11 months of 2009
admin 12/24/2009 5:26:16 PM
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China has achieved progress in overseas investment and market expansion. Overseas contracted projects increased despite the global economic recession and foreign investment cooperation maintained a sound momentum.
According to statistics from the Ministry of Commerce (MOC), between January and September, China's non-financial foreign direct investment (FDI) reached 32.87 billion U.S. dollars, an increase of 0.5 percent year-on-year. Investments by overseas mergers and acquisitions accounted for 43.5 percent of the total FDI. China's non-financial FDI is expected to reach 42 billion U.S. dollars for the entire year.
China's business volume in newly signed overseas contracted projects between January and November reached 106.51 billion U.S. dollars and 64.77 billion U.S. dollars of turnover was realized, increasing by 20.9 percent and 37.5 percent year-on-year respectively. 194 projects, each of which is worth over 100 million U.S. dollars, were newly signed, 23 more than the number in the same period a year earlier. It is estimated that between January and November, overseas contracted projects brought about 22.7 billion U.S. dollars of export and employed about 180,000 people, which has made active contributions to stabilizing overseas demand and boosting export growth.
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