The sales of foreign-funded enterprises in Chongqing, the largest metropolis in western China,were valued at 15.5 billion yuan last year, a 4.3-percent rise compared with the figure for the previous year.
Their sales profits increased by 15 percent to reach 850 million yuan, said an official with the Municipal Foreign Trade and Economic Cooperation Commission.
Last year, 56 local foreign-funded enterprises reinvested in their projects in Chongqing, involving a total contractual value of 54 million U.S. dollars, representing a 60-percent rise compared with the previous year. The investment in 12 projects surpassed 10 million U.S. dollars each.
It is learned that a number of leading foreign companies, such as the Swedish company ABB and the oil giant BP Company of Britainare keen to expand their operations in Chongqing.
(People's Daily February 20, 2002)
