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Actual use of overseas capital up 35% in first 10 months

(Xinhua)
Updated: 2008-11-12 15:23

China's actually utilized overseas capital rose 35.06 percent to $81.1 billion in the past ten months, said the Ministry of Commerce on Wednesday.

From January to October, the country approved the establishment of 22,736 overseas-funded companies. That's a drop of 26.24 percent from the same period last year.

In October alone, the country used $6.722 billion of overseas capital, down 2.02 percent from a year earlier. A total of 1,935 overseas-funded firms were set up, down 26.15 percent.

China's top 10 sources of overseas investment, including Hong Kong and the United States, accounted for 87.45 percent of the overseas capital the country actually used during the past ten months.