Foreign Trade Minister Shi Guangsheng said Tuesday that China is expected to attract US$45 billion to US$50 billion of foreign investment this year.
Last year, China absorbed US$69.19 billion of contractual foreign investment and actually used US$46.8 billion, up 10.43 percent and 14.9 percent, respectively, from the previous year.
The amount of foreign investment actually used last year hit an all time high, the minister said at a press conference held by the on-going Fifth Session of the Ninth National People's Congress.
(Xinhua News Agency March 12, 2002)
