Fujian’s utilized foreign investment in January totaled RMB 4.07 billion, an increase of 7.9% year-on-year. The amount means that the annual target has been 11.1% completed, exceeding the scheduled progress by 2.8 percentage points. The highlights are as follows:

First, major cities turned in an impressive performance in attracting foreign investment. The five cities of Fuzhou, Xiamen, Quanzhou, Sanming and Nanping all saw a double-digit growth in utilized foreign investment. The “9+1+40” Investment Promotion Platform continued delivering powerful effects. The 40 counties (cities and districts) and development zones with a strong foundation in investment promotion collectively accounted for 87% of the province’s total utilized foreign investment.

Second, utilized foreign investment in the high-tech sector rose sharply. The high-tech sector saw a 74.1% increase in utilized foreign investment. Specifically, the high-tech service sector experienced a 512.3% upsurge. Within the high-tech manufacturing sector, utilized foreign investment leaped by 932.5% in the medical equipment and instrument manufacturing industry, and by 40.6% in the electronic device manufacturing industry. Within the high-tech service sector, utilized foreign investment jumped by 976.5% in the information service industry and by 338.8% in the service industry for the commercialization of scientific and technological achievements.

Third, FDI inflows from developed countries such as Japan and Singapore shot up. The growth rate reached 2170.8% and 393.9% for Japan and Singapore, respectively.

Fourth, large-scale projects made up nearly 60% of the province’s total utilized foreign investment. Thirteen projects, including Gulei Petrochemical, Pupu Tech and NEG, each had FDI inflows exceeding RMB 100 million. Together, they accounted for 58.5% of the province’s total utilized foreign investment.