From January to August, foreign investment in actual use in the Fujian Province totaled 3.54 billion US dollars, a year-on-year increase of 4.5% with a 67.5% completion rate of yearly objectives, exceeding the scheduled rate of progress by 0.8 percentage points.

The proportion of high-tech industries and manufacturing industries absorbing foreign investment is rising 

The amount of foreign investment in actual use in high-tech industries increased by 38.1%, accounting for 34.1% of the province’s totals. This is 8.3 percentage points higher than that of the same period last year, including 98.4% growth in the high-tech service industry. Foreign investments in actual use in manufacturing increased by 27.2%, accounting for 27.7% of the province’s totals, which was 4.9 percentage points higher than that of the same period last year. This included the petrochemical industry, which grew by 563%, and the machinery and equipment industry, which grew by 75.1%.

Some foreign countries and regions have maintained rapid growth in investment in Fujian 

Investment in the Fujian Province by countries and regions situated along the “Belt and Road” increased by 100.9%, ASEAN by 70.7%, and RCEP member countries by 11.2%. Among major developed countries and regions, investment in actual use from the United States increased by 499.4% and from Europe by 52.6%. 

China （Fujian） Pilot Free Trade Zone have achieved outstanding results in attracting investment 

Foreign investments in actual use in China（Fujian）Pilot Free Trade Zone showed a growth of 81%, among which Xiamen Area grew by 75.1% and Fuzhou Area grew by 122.5%. 

Key projects fared well 

There are 85 enterprises in the province with total investments of more than 10 million US dollars, accounting for 80.2% of the province’s totals. This included Quanzhou Grand Pacific Chemical, Saifujituan (Saifu Group), and other enterprises, which have utilized more than 100 million US dollars in investments. 

Decreases in newly added contractual foreign investments had significantly narrowed

Newly added contractual foreign investments in the province decreased by 9.2% year-on-year, decreasing 11.3 percentage points less than last month and faring 5.2 percentage points better than that of the country. This included newly added contractual foreign investments in the manufacturing industry, which increased by 139.4% year-on-year and 1.1% month-on-month, and newly added contractual foreign investments in high-tech industries, which increased by 72.9% year-on-year and 79.7% month-on-month.