East China’s Jiangsu province registered 892 newly-approved foreign-funded investment projects in the first four months of this year with a gain of 20.4 billion US dollars, up 18.5% year on year. the amount of direct foreign investment totaled 10.3 billion US dollars, up 5.7% year on year.
Arlanxeo High Performance Elastomer Changzhou Co., Ltd, a world-leading synthetic rubber company invested by Saudi Arabia, has benefited from epidemic prevention and control measures implemented by the new and hi-tech zone authority in Changzhou since February.
Arlanxeo has therefore made steady progress in the resumption of work, which has in turn shored up its confidence in China by adding an investment of 60.1 million US dollars recently. The new investment has boosted the Arlanxeo’s investment in the new and hi-tech zone of Changzhou to well above 500 million US dollars with an expected production capacity increase by 15% this year.
Since March, Jiangsu has introduced 22 measures in five areas to promote the resumption of foreign-invested enterprises, the landing and investment promotion of major foreign-invested projects, and the enhancement of targeted services to continuously optimize the business environment.
At the same time, Jiangsu has kept track of the impact of the spread of the global pandemic on the operation of foreign capital and foreign trade, assisted enterprises in resolving difficulties, and promoted the continued improvement of foreign capital utilization.
The province registered 892 newly-approved foreign-funded investment projects in the first four months of this year with a gain of 20.4 billion US dollars, up 18.5% year on year. the amount of direct foreign investment totaled 10.3 billion US dollars, up 5.7% year on year.
The service industry posted the use of 5.58 billion yuan of direct foreign capital, up 31.3% from a year ago and accounting for 53.9% of the province’s use of entire foreign capital during the period.
