Chinese absorption of foreign capital kept growing and maintained a good status of optimized structure and higher quality in 2007. In the first 11 months, 34,000 foreign-invested enterprises were set up, dropped by 7% year-on-year; actual utilized foreign capital amounted to USD61.7b, up by 14%. It appeared the following features: 1. Manufacturing industry absorbed less foreign capital. 2. Fast growth in service industry. 3. Growth of foreign capital absorption in Central China was substantial. 4. The proportion of wholly foreign-invested enterprises further increased. 5. The main investment was still in green land. 6. National Economic and Technological Development Zone developed good and fast.

By the end of Nov.2007, China has approved to set up 63 foreign-invested enterprises with actual foreign capital utilized amounted to USD747.1b. Almost 490 Fortune 500 enterprises have set up enterprises or institutions in China and multinational companies have established over1160 R&D centers in China. According to 2007 World Investment Report released by UNCTAD, China ranked No.5 globally and No.1 among developing countries in absorbing direct foreign investment, and continued to be regarded as the most attractive host country and first R&D choice worldwide.