Fujian's foreign capital utilization grows by 13.3% in Jan
According to the Department of Commerce of Fujian Province, a total of 172 foreign-funded enterprises were set up in Fujian in this January, and the actual amount of foreign capital utilized was 3,770 million yuan ($540 million), an increase of 13.3 percent.
Faced with the unexpected novel coronavirus epidemic this year, the Fujian government has rolled out a series of measures to maintain economic stability, and with the implementation of the landmark Foreign Investment Law, the province has hastened high-quality development.
According to statistics, Hong Kong was the biggest investor in Fujian, and the actual amount of funds available from Hong Kong was 3,420 million yuan in January, growing by 39.1 percent year-on-year and accounting for 90.7 percent of the province's total.
Xiamen and Fuzhou are still popular choices for foreign investors. The actual amount of foreign capital utilization in the two cities was 1,730 million yuan and 790 million yuan respectively this January, ranking first and second in Fujian.
The province saw strong growth in foreign capital utilization in the high-tech manufacturing and high-tech service sectors this January.
Fujian's three leading industries – electronic information, machinery equipment and petrochemical engineering – have achieved sustained growth this January, with the actual use of foreign capital growing by 19.4 percent year-on-year to surpass 1,100 million yuan.
The Xiamen Area of the China (Fujian) Pilot Free Trade Zone is expected to play an important role in terms of attracting business. [Photo/chinanews.com]