Zhuhai embraces a global-market oriented economy. In 2008, the industrial output contributed by large scale FIEs was RMB 190.463 billion, 73.15% of the city's total while the industrial added value scored 33.79 billion, accounting for 68.92%. The export registered USD 17.591 billion, 83.09% of the total. The number of newly approved foreign-funded projects in 2008 reached 304.