East China’s Jiangsu province registered 1496 new foreign-funded investment projects in the first half of this year, latest statistics show. The province’s actual utilization of foreign capital increased 10.9% year on year.
148 of the newly-established foreign-funded investment projects boast up to 100 million US dollars of new and additional investment, growing 15.6% year on year.
The amount of contracted foreign-funded investment projects during the six-month period increased by 16.6% from a year ago.
The ten emerging industries posted 7.25 billion US dollars of capital in actual use in the first half of this year, up 24.3% year on year.
The growth of large projects and the increase in the proportion of strategic emerging industries have become the main features of the province's use of foreign capital in the first half of the year.
Huahong Wuxi IC project increased its total investment to 10 billion US dollars and mass production is expected to be realized by the end of next year.
Huaneng Rudong Baixianjiao Offshore Wind Power Company, Jiangsu Lotte Mart, Nantong Huarong Financial Leasing Company, and Suzhou Gaochuang Electronics increased their capital by over US$500 million. These large projects laid the foundation for the growth of the province’s foreign capital in the first half of the year.
In terms of the sources of foreign capital, with the deepening of the Belt and Road strategy, the province’s actual use of foreign capital from the Belt and Road countries increased by 69.7% in the first half of the year. Among other major sources of investment, investment fund from Hong Kong, Japan and the United Kingdom increased by 9.8%, 37.7% and 43.2% respectively.
(Source: ourjiangsu.com)
