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Beijing reports surge in overseas investment flow
Updated: 2004-04-20 17:03

Beijing registered US$820 million in direct overseas investment inflow in the first quarter of the year, up 124 percent from the same period last year.

The growth rate is higher than the national average for the period, said sources from the Beijing Municipal Administration for Commerce.

According to the information, the city approved 413 overseas financed ventures from January to March, a rise of 25.5 percent, and the contractual overseas investment was US$1.52 billion, up 106 percent.

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