Overseas Investment in Tianjin Surges

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 ◆ Overseas Investment in Tianjin Surges

Overseas investment in Tianjin, a major industrial city in north China, surged 18.3 percent in the first four months this year to hit 954 million U.S. dollars.

The city approved 226 overseas investment projects in that period, up 20.9 percent year-on-year, the municipal bureau of statistics said.

These projects involve investments totaling 1.765 billion dollars, including 1.618 billion dollars in contracted overseas investment.

The international trade and services sectors reported the strongest growth of overseas investment.

Contracted overseas investment in the two sectors increased by 3.5 times in the first four months to reach 424 million dollars, the bureau said.