The Beijing Foreign Trade and Economic Cooperation Commission (BFTEC) granted the establishment of 1,370 foreign-funded enterprises in 2002, helping to lift foreign investment in China's capital to $5.5 billion (B5.4bn).
Two thirds of these projects were in the tertiary sector, including financial services, housing and tourism attracting total foreign capital of $1.72 billion(B1.71bn), a rise of 9.6 percent compared to the previous year, according to BFTEC statistics.
The official source attributed the increased investment to the gaining of World Trade Organisation membership in addition to Beijing's successful bid to host the 2008 Olympic Games.
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