(CFP)
In the first half of this year, Jiangsu Province’s foreign direct investment (FDI) in actual use reached $13.12 billion, representing 18.7% of the national total.
Investment into manufacturing sector rebounded to $5 billion, making up 38.1% of the total FDI. The share of foreign investment in high-tech industries surged to $6.37 billion, accounting for 48.6% of the total. Jiangsu also made rapid progress in hosting major projects, with 87 projects recognized as national key foreign-invested projects, a leading figure nationally.
These achievements followed the implementation of multiple measures aimed at optimizing the environment for foreign investors. Measures included ensuring national treatment for foreign-invested enterprises, enhancing investment protection, and increasing financial and tax support.
For example, Jiangsu implemented 28 measures to promote and protect foreign investment, organized face-to-face meetings between enterprises and governmental departments, and continuously improved communication and exchange.
Jiangsu also made strides in developing overseas industrial parks. Currently, the province boasts six parks across five countries, hosting 360 enterprises and creating over 60,000 local jobs.
Furthermore, Jiangsu’s 158 development zones at the provincial level and above contributed to 50% of the province's total economic output, hosted 60% of the province’s fixed asset investment, and contributed to 80% of the actual use of foreign investment and foreign trade.
The Jiangsu Pilot Free Trade Zone, which consists of three areas in Nanjing, Suzhou and Lianyungang, reported imports and exports totaling 275.8 billion yuan in the first six months, up 32.9% year-on-year. The actual use of foreign investment increased by 27.2% year-on-year to $2.07 billion, according to the province’s Department of Commerce.
The Suzhou area of the Jiangsu FTZ has intensified its support for goods and services trade and digital trade, including the launch of a data service platform. It also aligned with international high-standard trade rules and conducted innovative research in the field of foreign-related legal services.
