Fund use increases

Actual foreign investment utilised by Guangzhou totalled US$900 million in the first four months of 1997, a 24 per cent increase compared with the year-earlier period, the China News Service said yesterday, quoting vice-mayor Chen Kaizhi.

The value of new contracted foreign investment in the first four months fell 58 per cent compared with the same period last year, when the figure fell 25 per cent, it said.