Investment fall

China approved foreign investment projects with contracted investment of $68.5bn in 1994, down from nearly $100bn in the same period of 1993, the Economic Daily reported.

It said that actual foreign investment in the period was $27.9bn, an increase of 38 per cent year-on-year. Investment from Hong Kong, Macau and Taiwan fell while that from Japan, South Korea, Singapore, Britain and Germany rose, as did that from multinational corporations.