Fujian’s Utilized Foreign Investment Grew Faster Than Expected and FDI Inflows into the High-tech Sector Surged in the First Four Months of the Year

From:Fujian International Investment Promotion Center Date:2021-05-21【Font:large regular

In the first four months of the year, Fujian’s utilized foreign investment totaled RMB 15.96 billion, an increase of 14.1% year-on-year. The amount means that the annual target has been 43.4% completed, exceeding the scheduled progress by 10.1 percentage points. 

The high-tech sector saw a 52.2% increase in utilized foreign investment. Specifically, utilized foreign investment leapt by 1182% in the medical equipment and instrument manufacturing industry, 119.7% in the information service industry, and 117.9% in the service industry for the commercialization of scientific and technological achievements, and 90.9% in the electronic device manufacturing industry. 

The service sector experienced a 49.5% increase in utilized foreign investment. Specifically, utilized foreign investment grew by 219.4% in the logistics industry, 202.9% in the hotel and catering industry, 142.1% in the scientific research and technological service industry, 127.5% in the information transmission and IT service industry, and 51.8% in the leasing and commercial service industry. 

Key projects made solid progress. Specifically, 36 enterprises each reported a cumulative foreign investment inflow of over RMB 100 million, six more enterprises than the same period last year. The 40 counties (cities and districts) and development zones with a strong foundation in investment promotion collectively accounted for 91.2% of the province’s total utilized foreign investment.


Share: