This Day, That Year

Item from April 20, 1982, in China Daily: Guests at the lobby of Beijing's new Jianguo Hotel, one of the first joint venture hotels in China. ... China yesterday gave the green light to increased use of foreign investment to exploit the country's undeveloped resources.

Last year, China attracted a record level of non-financial foreign direct investment that reached 781.4 billion yuan ($120.6 billion) despite the economic slowdown, up 6.4 percent from the previous year, according to the Ministry of Commerce.

The country continues to be the world's top investment destination, with the most prospects for this year and next year, a survey by the United Nations Conference on Trade and Development showed.