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China reports rise in overseas contracted projects

(Xinhua)
Updated: 2009-05-14 10:25

China reported $17.94 billion of business volume in overseas-contracted projects in the first four months, up 36 percent from the same period last year, said the Ministry of Commerce Wednesday.

Related readings:  Overseas investment norms released  Overseas investment norms released  Experts: Overseas M&A deals may slow this year  Chinese firms resume overseas floats

The business volume stood at $5.51 billion in April, up 45 percent year on year.

The overseas-contracted projects created $44.55 billion of new contract volume from January to April, up 59.5 percent from the same period last year.

The new contract volume in April stood at $11 billion, up 64.2 percent year on year.

China had finished an accumulative business volume of $280.9 billion in overseas-contracted projects and an accumulative contract volume of $478.7 billion by the end of April 2009, the ministry said.