China will see its foreign direct investment (FDI) to grow by 7 percent this year to US$50billion, homeway.com cited analysts as saying.
They said The increase is likely as they believed overseas investors will continue boosting their confidence in China after the country's accession into the World Trade Organization (WTO)and for its forecast of a 7-percnet growth in its gross domestic product (GDP).
Last year, China's actual FDI was US$46.8 billion and the contractual FDI was US$69.2 billion.
Sectors of high-tech products will be this year's focus for foreign investors, analysts expected. Banking, insurance and other financial industries will also be hot, they added, as China will gradually open these areas to carry out its commitment in the WTO talks.
(eastday.com April 05, 2002)
