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Strategies & Market Trends : Greater China Stocks
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To: Julius Wong who started this subject1/14/2003 12:40:03 AM
From: Julius Wong   of 8334
 
Foreign Direct Investment in China a Record $52.7 Bln

Beijing, Jan. 14 (Bloomberg) -- China attracted a record amount of foreign direct investment last year, as companies shifted production to the world's most populous country to take advantage of a growing domestic market and cheap labor.

Foreign investment in factories, supermarket chains, and apartment buildings rose 12.5 percent to $52.7 billion in 2002, the Ministry of Foreign Trade and Economic Cooperation said. Contracted foreign investment, a sign of future investment flows, rose 19.6 percent to $82.8 billion.

quote.bloomberg.com
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