From January to October, the amount of foreign investment actually used by Fujian was $4.64 billion, an increase of 17.4% (equivalent to 29.99 billion yuan and an increase of 13.7%) from the same period last year. This figure represented 88.3% of the annual target amount set by the Fujian provincial government, and progressed five percentage points ahead of schedule.

High-tech Industries and Manufacturing Attracts a Growing Proportion of Foreign Investment

The amount of foreign investment actually used by local high-tech industries increased by 42.8%, accounting for 34.9% of that used by the whole province, with the latter figure up by 6.2 percentage points from the same period last year. The amount of foreign investment actually used by manufacturing increased by 90.5%, accounting for 38.3% of that used by the entire province, with the latter figure being a 14.7 percentage point increase year-on-year. Among manufacturing industries, the petrochemical industry, machinery and equipment, and electronics and information saw a respective increase of 363.4%, 87.4%, and 55.3%, in their amount of foreign investment actually used.

Investment from Certain Countries and Regions Keeps Increasing Rapidly

The amounts of investment from countries and regions of the Belt and Road Initiative (BRI), ASEAN members, and RCEP members increased by 183.9%, 155.8%, and 62%, respectively. And among major developed countries, the amount of investment received from the United States skyrocketed by 536.9%.

China（Fujian）Pilot Free Trade Zone Performing Exceedingly Well in Attracting Foreign Investment

The amount of foreign investment actually used by the China（Fujian）Pilot Free Trade Zone soared by 75.2%. Of this total, investments in the Xiamen Area and the Fuzhou Area grew by 95.9% and 375.4%, respectively.

Good Progress Being Made in Key Projects

The total number of local enterprises that had received a total amount of investment of over $10 million stood at 106, accounting for 82.4% of the total amount of investment received by all local enterprises. Eight of those enterprises, including Zongteng Network and PuPu Tech, received a total investment of more than $100 million each.