Since the beginning of this year, the COVID-19 epidemic impact China and the world's economy. Thoroughly applying the decisions and arrangements of the central government , Fujian has fully implemented to ensure stability on six fronts and maintain security in six areas, and put forward work deployment effectively, thus achieving a bunch of activities that are carried out as helping businesses get through this challenging time, updating the methods of investment promotion constantly, promoting the development of major and good projects and maintaining rapid growth in the utilization of foreign capital. In the first six months, the actual paid-in foreign capital in Fujian reached 21.32 billion RMB, with an increase of 21.7%, which accomplished 65.6% on the amount targeted for the entire year, and far outstripped 15.6% of the annual plan, arguably, commercial department at all levels in Fujian has achieved the goal successfully. There are five features with Fujian characteristics in utilization of foreign capital as follows:

First, services registered rapid growth in utilizing foreign capital. Its actual paid-in foreign capital amounted to 10.63 billion RMB, rose by 59.2%, accounting for 49.9% of the total in the corresponding period of the province; the leasing and commercial service realized 4.4 times growth, wholesale and retailing increased 1.2 times and lodging and food and beverage service industries indicate a rise of 90.5%.  

Second, hi-tech manufacturing industry has attracted more and more foreign capital constantly. Its actual paid-in foreign capital reached 2.31 billion RMB, an increase of 18.9%, of which the medical equipment and instrumentation manufacturing industries realized 1.7 times growth, electronic and communication equipment manufacturing industry increased 20.9%. 

Third, the actual paid-in foreign capital from some developed countries and HK has increased substantially. The actual paid-in foreign capital from Europe reached 2.42 billion RMB, accounted for 71.2%, of which Netherlander realized 3.9 times growth and Switzerland increased 54.1%; the actual paid-in foreign capital from Japan realized 1.5 times growth; the actual paid-in foreign capital from HK amounted to 14.88 billion RMB, up 44.2%.

Fourth, the actual paid-in foreign capital has achieved growth in 7 municipalities. Particularly, Xiamen and Fuzhou ranked top 2 in Fujian, accounting for over 60% of the total in the province. 

Finally, major foreign investment projects plays an important role to kick-start the economy. 40 foreign-funded enterprises have been set up in Fujian with the actual paid-in capital totaled over 17.9 billion RMB, an average number of 100 million RMB per enterprise, with an increase of 36.9%, which has promoted 27.6% of the growth of foreign capital in the province.