In the first quarter, thanks to the policy measures for stabilizing foreign investment, the growth rate of paid-in FDI in Fujian Province reached a new high on the basis of last year's high base. In the first quarter of this year, the province's utilized foreign investment  totaled 19.05 billion yuan, an increase of 39.9% year on year, completing 48.2% of the annual target and exceeding the sequential progress by 23.2 percentage points, which got off to a good start for the whole year.

High-tech sector registered a strong momentum in attracting foreign investment

The high-tech sector saw a 63.9% increase in utilized foreign investment. Specifically, the paid-in FDI leapt by 59.8% in high-tech manufacturing industry and 67.9% in high-tech services industry.

The proportion of investment attracted by the manufacturing industry increased

The paid-in FDI in the manufacturing industry increased by 43.9%, accounting for 34.7% of the total in the province, 6.5 % higher than that of last year, with 65% growth in the petrochemical industry and 70.1% growth in the electronic information industry.

FDI inflows from major sources grew rapidly

FDI inflows from Hong Kong (SAR, China) grew by 32.8%, accounting for 69.7% of the province. Investment from BRI countries and regions rose by 252.6%, with that from Singapore, Malaysia and Indonesia increasing by 87.3%, 5623% and 6090% respectively. In addition, investment from the United States and Macao  (SAR, China) grew by 366.3% and 71.5% respectively.

The driving force of key projects is prominent

Specifically, 31 enterprises each reported a cumulative FDI inflows of over RMB 100 million, rose by 50.9%. These FDI inflows contributed 36.2 % to the overall growth rate of the province’s paid-in FDI.