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Fujian's foreign capital utilization rate grows 4.9% from Jan-Sept

chinadaily.com.cn | Updated: 2019-10-17


Night view of Fuzhou, East China's Fujian province [Photo/VCG]

East China's Fujian province attracted 1,799 foreign enterprises in the first three quarters of 2019, according to the provincial commerce department.

The province also reported 22.23 billion yuan ($3.13 billion) in actual utilization of foreign capital during the January-September period, an increase of 4.9 percent year-on-year, the department announced on Oct 16.

Manufacturing industries reported 12.97 billion yuan in foreign capital utilization, a year on year increase of 19.9 percent and accounting for 58.3 percent of total foreign capital, 7.3 percentage points higher than in 2018. Foreign capital utilization in the high-tech service industry grew 44.4 percent year-on-year to 2.05 billion yuan during the same period.

Actual paid-in investment from the Association of Southeast Asian Nations totaled 1.75 billion yuan, 1.9 times the amount in 2018. Sixty-two large projects attracted over 100 million yuan in investment, a year-on-year increase of 26.5 percent, and 14.07 billion yuan in actual paid-in investment, accounting for 63.3 percent of the province's total investment throughout this period.

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