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Fujian's actual use of foreign capital rises 8.4% during Jan-Nov period

chinadaily.com.cn | Updated: 2022-12-28

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Containers wait to be shipped at a port in Xiamen, Fujian province. [Photo by Wang Xieyun/China Daily]

Fujian province's actual use of foreign capital increased 8.4 percent to $4.86 billion during the January-November period, according to official data released by the Fujian Provincial Department of Commerce.

The actual use of foreign capital in high-tech industries increased 30.5 percent during the first 11 months. The actual use of foreign capital in the high-tech manufacturing industry soared 40.1 percent, and jumped 25.9 percent in the high-tech service sector.

The actual use of foreign capital in the manufacturing sector increased by 63.1 percent year-on-year between January and November. The actual use of foreign capital in the petrochemical industry soared 227.7 percent, and that in the machinery and equipment industry and the electronic information industry jumped 66 percent and 41.9 percent, respectively.

Investment from countries and regions involved in the Belt and Road Initiative, the ASEAN (the Association of Southeast Asian Nations) region, and the RCEP (Regional Comprehensive Economic Partnership) member countries climbed 185.6 percent, 159.4 percent and 64.1 percent, respectively. Among the major developed countries and regions, investment from the United States increased 135.4 percent.

From January to November, the China (Fujian) Pilot Free Trade Zone achieved outstanding results in attracting investment as its actual use of foreign capital increased by 60.9 percent. Investment in the Xiamen Area grew by 85.3 percent, and soared 354.1 percent in the Fuzhou Area.

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