Huaian sees steady progress in foreign capital moves
2018-07-30 18:54:00

Municipal statistics showed that the actual use of foreign investment in Huaian city, Jiangsu province was $520 million, a 2.3 percent increase compared with that of last year.

The data demonstrates a relatively good momentum in the city’s foreign capital utilization. Six countries and districts have reached their goals for the first half of year in the actual use of foreign investment.

Among them, Huaiyin District received $136 million in foreign investment, realizing the goal for the whole year six months in advance. Jinhu County attracted $64.7 million, which accounts for 51.8 percent of its annual goal.

The structure of foreign investment in the city gets improved. During the first half of the year, there were 27 foreign-funded projects with investment exceeding more than $30 million, up three than in last year.

Among these 27 mega projects, nine had investment more than $100 million. Some $200 million foreign capital flew into the manufacturing industry, a year-on-year growth of 17.8 percent, and the figure also accounted for 39.1 percent of the total amount of the foreign investment that actually arrived.

The strategically new industries got a foreign fund injection of $190 million, a rise of 35.7 percent compared with that of last year, and it also accounted for the 36.5 percent of the total received foreign fund.

The foreign-funded enterprises play an increasingly important role in the city’s economic performance. During the first six months, they realized $1.4 billion foreign trade, a year-on-year growth of 20.2 percent and 58.3 percent of the city’s total foreign trade volume. They also contributed $2.47 billion foreign-related tax, a rise of 46.5 percent compared with that of last year.

The city has been moving swiftly in promoting the newly-set key projects. By the end of June, among the 57 foreign-funded projects, set up last year and each with an investment of $30 million, 38 have either started or have already finished construction, accounting for 66.7 percent of the total.

14 newly-set up foreign-funded projects, each with an investment also above $30 million during the first half of the year, have already got actual arrival of $150 million foreign investment.

Source:Xinhua Editor:Dylan