Fujian’s utilized foreign investment in January and February totaled RMB 6.32 billion, an increase of 10.2% year-on-year. The amount means that the annual target has been 17.2% completed, exceeding the scheduled progress by 0.5 percentage points. The highlights are as follows: 

Utilized foreign investment grew rapidly in nine municipal cities. Among them, seven cities, namely, Fuzhou, Xiamen, Quanzhou, Sanming, Putian, Nanping and Ningde, all saw a double-digit growth in. The “9+1+40”（refer in particular to 9 municipal cities, Pingtan Comprehensive Experimental Area and 40 key counties and development zones in Fujian） 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 89% of the province’s total utilized foreign investment. 

Utilized foreign investment increased in the manufacturing and service sectors. Among them, the growth hit 7% in the manufacturing sector. Specifically, the growth surged by 40.8% in the high-tech manufacturing industry and 45.6% in the dominant industries – electronic information, petrochemicals, and mechanical equipment. The growth reached by 11.3% in the service sector and is up 8.7% in the high-tech service industry, driven by the expansion of the leasing and business service, hotel and restaurant, information transmission, software and information service industries.

Hong Kong, Singapore and Japan were the largest sources of investment. Among them, investment inflows from Singapore and Japan saw a 3.6-fold and 17.5-fold leap, respectively. 

Large-scale projects each with an investment over RMB 100 million accounted for nearly 60% of the province’s total utilized foreign investment. There are 18 such projects, including Chimei Chemicals, Photronics DNP Mask Corporation and Pupu Tech. The investment inflows from these projects made up 59.7% of the province’s total utilized foreign investment.