Foreign investment still pouring in
By Diao Ying | China Daily | Updated: 2008-09-25 08:09

China's huge market and cheap labor costs have made it the largest foreign direct investment recipient of all developing countries for 16 years straight.
"FDI has been a significant force for China's development as it's brought new technology, management know-how and capital to the country," Vice-Premier Wang Qishan said at a recent investment forum.
China received $82.6 billion of FDI in 2007, and that figure has already climbed to $60.7 billion for the first seven months of this year, up 44.5 percent year-on-year, according to commerce ministry statistics.
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