Jiangsu maintains high growth in utilizing foreign capital

2019年06月18日 15:13:59 | 来源:ourjiangsu.com

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East China’s Jiangsu province has maintained a relatively high growth of newly established foreign investment projects and actual use of foreign capital since the beginning of this year, the Provincial Department of Commerce said on Monday.

In the China-ROK Industrial Park in Yancheng Economic and Technological Development Zone, Jiangsu Modern Integrated Special Steel Co., Ltd., which invested 30 billion won in the first phase, was awarded 4M certification by the automotive industry in China, Japan, Republic of Korea and Europe due to the adoption of the latest Korean technology. 


As its products continued to fall short of supply on the market, the company has added an additional 12 billion won this year to expand its production scale.

The data shows that from January to April, 997 foreign-invested projects were newly established in the province, a year-on-year increase of 10.7%. US$17.29 billion of new contractual foreign investment was added during the period, up 18.4% year-on-year. the actual use of foreign capital reached US$9.81 billion, up 3.6% year-on-year.

The manufacturing industry continues to be the benchmark for Jiangsu to use foreign capital. From January to April, the actual use of foreign capital in the province's manufacturing industry was US$5.06 billion, up 28.1% year-on-year, accounting for 51.6% of the province's actual use of foreign capital.

Spearheaded by advanced manufacturing, the top ten strategic emerging industries saw their actual use of foreign capital increase by 33.1% year-on-year, accounting for 58.6% of the province's actual use of foreign capital and an increase of 13.0 percentage points over the same period last year.

The bio-technology and new-pharmaceutical industries, the new-generation information technology industry, and the energy-saving and environmental protection industries have maintained rapid growth in foreign investment.

Foreign investment in the service industry also grew rapidly. The actual use of foreign capital in January-April was US$4.25 billion, accounting for 43.4% of the province's actual use of foreign investment. Among them, the modern service industry accounted for 46.5%.

The province has also diversified its source of investment. From January to April, the actual use of foreign capital from the EU was 540 million U.S. dollars, up 44.4% year-on-year. The actual use of foreign capital from the Republic of Korea, Australia and Japan also increased by 268.2%, 114.5% and 10.1% respectively.

 (Source:ourjiangsu.com)

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