Fujian’s utilized foreign investment in January and February totaled 7.32 billion yuan, an increase of 15.8% year-on-year, the amount means that the annual target has been 18.5% completed, exceeding the scheduled progress by 1.8 percentage points.
The absorption of foreign capital by high-tech industries maintained strong growth momentum.
The high-tech sector saw a 27.9% increase in utilized foreign investment. among which R&D and design service industry increased by 1024%, non-professional audio-visual equipment manufacturing industry increased by 755.8%, and information service industry increased by 176.8%.
The service sector experienced a surge in utilized foreign investment.
The actual use of foreign capital in the service industry increased by 45.7%, accounting for 76% of the total in Fujian Province. Among these, real estate, information transmission and information technology service, scientific research and technology service,accommodation and catering increased by236.1%, 129%, 141.7% and 40% respectively.
Major sources of investment grew steadily.
The actual use of Hong Kong and Macao's capital increased by 34.7%, accounting for 80.3% of the whole province. In addition, the investment from Indonesia, Australia, and the United States respectively recorded an increase of 6090%, 1641%, and 148.4%.
Mega-projects accounted for over 60% of the FDI inflows.
Specifically, 13 foreign-invested enterprises reported cumulative FDI inflows over RMB 100 million, and the amount of capital increased by 27.8% over the same period of the previous year, accounting for 65.7% of the province’s total FDI inflows.