MOC figures show that contractual FDI for the period hit US$38.223 billion, up 42.22 percent year-on-year.

China approved the registration of 15,175 foreign and overseas-financed enterprises in the first five months, up 29.02 percent year-on-year. Of these, 2,977 were approved in May, up 11.41 percent.

In May, contractual FDI in China increased by 17.62 percent to US$7.695 billion, and actually used FDI climbed by 39.47 percent to US$5.449 billion, MOC figures show.

A total of 439,371 foreign and overseas-financed enterprises have been set up since China adopted its policy of reform and opening-up over 20 years ago.

Aggregate contractual FDI of US$866.283 billion and US$471.237 billion FDI have been actually used, MOC figures show.

(Xinhua News Agency June 13, 2003)