|
Actually utilized foreign funds totaled 72.406 billion US dollars, marking and increase of 19.42% over 2004. The figure was over 12 billion US dollars above the estimate of 60.3 billion US dollars issued by the Ministry of Commerce in January, 2005. The figure issued in January, 2005 did not include foreign direct investment (FDI) utilized in the fields of banking, insurance, and securities, which accounts for the difference. The retrospective figure better reflected an important characteristic of China?¡¥s utilization of foreign funds, demonstrating the importance of service trades. China?¡¥s banking, insurance, and securities services witnessed actual foreign direct investment as it hit a record high of 11.8 billion US dollars in 2005. This record demonstrated the extent to which China has opened up its modern service industry.
China approved 44,001 FDI projects in 2005, an increase of 0.8% over the previous year. Within the total of FDI actually used, manufacturing industries and real estate industries accounted for 70.4% and 9%, down 0.6 and 0.8 percentage compared with 2004, respectively. Leasing and commercial services, transportation, storage and shipping services accounted for 6.2% and 3%, up 1.6 and 0.9 percent, respectively.
|