CHINA

Foreign Investment Target Is $25 Billion: China hopes its push for overseas capital will pull in at least $25 billion in foreign investment the next five years, with high-technology and service industries targeted for fastest growth, an official said. Flexible investment policies and wider market access should make China a more attractive choice for foreign investors, said Jiao Sufen, a top official of the Ministry of Foreign Economic Relations and Trade. Jiao’s official target of $25 billion seems conservative in light of the country’s accelerating economic boom. Foreign investment during the first four months of 1992 reached $7.8 billion, against $11 billion for all of 1991--itself a 68% increase over 1990, China Daily said.