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Jiaxing Free Trade Zone was listed among the top 30 in China for the first time in 2021. [Photo/cnjxol.com]

The actual utilization of foreign capital in Jiaxing, East China's Zhejiang province amounted to more than $3 billion in 2021, local media reported on Jan 19.

The figure placed Jiaxing third in Zhejiang and represented a 15 percent year-on-year increase.

Over the past year, Jiaxing registered another 81 foreign-invested projects, including 73 projects with an investment of more than $100 million.

In 2021, Jiaxing's imports and exports exceeded 370 billion yuan ($58.33 billion), with 280 billion yuan in exports and 98 billion yuan in imports. Those figures were the fourth highest in the province.

Jiaxing was also approved to pilot cross-border e-commerce retail imports, and the Jiaxing E-commerce Industrial Park was recognized as a national demonstration base last year.

In addition, Jiaxing Free Trade Zone was listed among the top 30 in China for the first time and ranked third in Zhejiang, while four of its provincial international industrial cooperation parks were listed among top 10 in the province.

This year, Jiaxing seeks to reach $3 billion in actual utilization of foreign capital and a stable foreign trade performance. The city will also implement a program to cultivate local multinational companies.