The value of Fujian’s actually utilized foreign direct investment (FDI) in the first eleven months of the year amounted to RMB 31.67 billion, up by 14.5% year-on-year, sustaining the double-digit growth for the ninth straight month.
Eight cities reported growth in the utilized FDI. The coastal cities, including Fuzhou, Xiamen, Zhangzhou, Quanzhou and Putian, all recorded a growth rate in excess of 10%, at 13.2%, 28.5%, 10.3%, 12% and 12.4%, respectively. For the 40 counties (cities and districts) and development zones with a good foundation in investment, the value of actually utilized FDI increased by 27.7%. The Pilot Free Trade Zone achieved remarkable results in attracting foreign investment, with the Xiamen area reporting a 62.4% growth.
The structure of the utilized FDI was further optimized. The service and high-tech manufacturing sectors remained the top destinations for FDI inflows. FDI inflows to the service sector totaled RMB 17.67 billion, surging by 43.6% and accounting for 55.8% of the province’s sum total; specifically, growth reached 184% in the leasing and business service industry, 119.3% in the hotel and catering industry, 97.4% in the wholesale and retail industry, and 6.4% in the information transmission, software and information service industry. FDI inflows to the high-tech manufacturing sector rose by 4%, with a growth rate of 45.1% in the manufacturing industry of optoelectronic devices and 10.9% in the manufacturing industry of communications equipment, radar and supporting equipment.
Investment in Fujian by Hong Kong and Macao maintained a relatively rapid growth. FDI inflows from Macao grew by 89.7%, Hong Kong by 27.9%. Investment in Fujian by some developed countries continued to grow rapidly. FDI inflows from the Netherlands grew by 395.5%, Japan by 113.9%, and Switzerland by 15.9%.
The large-scale projects proved to be strong drivers of growth. Sixty-one enterprises each received FDI in excess of RMB 100 million, with actually paid-up foreign capital rising by 27.9% on average. These FDI inflows contributed 20.9 percentage points to the overall growth rate of the province’s actually utilized FDI.