From January to October 2021, paid-in FDI in Fujian reached RMB 31.34 billion, an increase of 6.7% year-on-year and 27.1% over the same period in 2019. The amount means that the annual target has been 85.2% completed, exceeding the scheduled progress by 1.9 percentage points. 

The service sector experienced a surge in utilized foreign investment, accounting for 68.8% of the province’s total, an increase of 13.6 percentage points year-on-year. As many as 45 service sector projects with paid-in FDI of more than RMB 100 million. 

The high-tech sector saw a 52.7% increase in utilized foreign investment. Specifically, utilized foreign investment leapt by 1,039.3% in the R&D and design service industry, 296% in the medical equipment and instrument manufacturing industry, 57.8% in the information service industry, and 51.4% in the service industry for the commercialization of scientific and technological achievements. All these industries maintained strong growth momentum. 

Mega-projects accounted for nearly 80% of the FDI inflows. Specifically, 67 foreign-invested enterprises (12 more than the same period last year) reported cumulative FDI inflows over RMB 100 million, and together, they accounted for 79.3% of the province’s total FDI inflows. 

FDI inflows from Hong Kong （SAR, China）, RCEP member countries, and nations along the “Belt and Road” increased rapidly. Utilized foreign investment from Hong Kong （SAR, China）, which acted as an FDI stabilizer, grew by 16.7%, accounting for 75.7% of the province’s total. Utilized foreign investment from member countries of the RCEP (Regional Comprehensive Economic Partnership Agreement) leapt by 135.9%, contributing 5.9 percentage points to the growth rate of the province’s FDI inflows. Utilized foreign investment from Japan, Singapore, and other countries of the Belt and Road Initiative expanded by 1,878.2%, 50.2%, and 44.5%, respectively.