From January to November 2021, paid-in FDI in Fujian reached RMB 33.6 billion, an increase of 6.1% year-on-year and 21.4% over the same period in 2019, averaging a growth of 10.2% over the past two years. 

The high-tech sector proved to be a major destination for foreign investment. 

FDI inflows to the high-tech sector have surged for eleven months on end, rising by 55% year-on-year from January through November, 54.3 percentage points higher than the same period last year. Specifically, FDI leapt by 691.4% in the R&D and design service industry, 173.2% in the medical equipment and instrument manufacturing industry, 65.4% in the service industry for the commercialization of scientific and technological achievements, and 65.2% in the information service industry. 

The service sector accounted for a great share of FDI inflows. 

FDI inflows to the service sector grew by 32.1% and made up 69.5% of the province’s total, 0.7 percentage points higher than the months of January through October and 13.7 percentage points higher than the same period last year. 

FDI inflows from major sources of investment continued to grow. 

FDI inflows from Hong Kong (SAR, China) grew by 17.3% and constituted 76.1% of the province’s total. Spurred on by investment from Singapore, FDI inflows from nations along the “Belt and Road Initiative” and from members of the ASEAN surged by 41.3% and 42.4%, respectively. Investment from member countries of the RCEP (Regional Comprehensive Economic Partnership Agreement) leapt by 130.3%, with FDI inflows from Japan soaring by 1878%. 

Key projects reported solid progress. 

As many as 70 foreign-invested enterprises (nine more than the same period last year) reported cumulative FDI inflows over RMB 100 million. Together, they accounted for 78.3% of the province’s total. Sixteen companies recorded cumulative FDI inflows over RMB 500 million, including Pupu Tech, NEG and Grand Pacific Chemical.