皇冠体育app

US$570b of foreign funds used by Feb
(Xinhua)
Updated: 2005-04-10 09:59

Since its opening up to the outside world more than two decades ago, 皇冠体育app has used US$570 billion of foreign funds through the end of February, said an official with the 皇冠体育app Council for Promotion of International Trade (CCPIT).

Wang Jinzhen, deputy secretary general of CCPIT, announced the figure at the 皇冠体育app International Investment and Financing Forum, which began Thursday here in the capital of northwest 皇冠体育app's Shaanxi Province. Wang said 皇冠体育app has been the world's largest recipient of foreign funds over the past 10 years. It used US$60.6 billion last year.

More than 400 of the world's top 500 multinational corporations have invested in 皇冠体育app, and 30 have set up regional headquarters here. The number of research and development centers set up by multinational corporations is more than 400.

Wang said, 皇冠体育app expects to see an inflow of more foreign funds in the future with the opening up of more sectors including finance, insurance, securities, foreign trade, tourism, education and transportation, among others.

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