Chapter 1.2: Changes in the Laws and Regulations Regarding Foreign Investment in China

Overview

Hu Jingyan, Director General, Department of Foreign Investment, Ministry of Foreign Trade and Economic Cooperation

China's absorption of foreign investment experienced a substantial increase in 2001. The actual utilization of foreign investment hit a record high of US$46.878 billion, an increase of 15.14 per cent year-on-year. China has been the largest recipient of foreign investment among developing countries for nine consecutive years . By the end of December 2001, the cumulative number of Foreign-Invested Enterprises (FIEs) was recorded at 390,025, with the cumulative contracted investment and actual utilization being US$745.29 billion and US$395.22 billion respectively.

^[*] This chapter was originally written in Chinese and was translated by Li Yong.