More than 60,000 foreign-invested enterprises have been set up in Fujian with over us $140 billion of foreign capital


More than 60,000 foreign-invested enterprises have been set up in Fujian province by the end of 2021, with a total foreign investment of more than us $140 billion, according to Chen Jing, deputy director of the Fujian Provincial Department of Commerce, at a media meeting of the hisse Chinese Media Development Forum 2022 held in Fuzhou on February 18.”In general, the use of foreign capital on the economy of Fujian province is very obvious.”Of the province’s first 153 leading industrial enterprises, 70 were foreign-funded, accounting for 45.8 percent, Chen said.In 2020, foreign-funded enterprises contributed about 1/3 of the province’s import and export volumes, about 1/5 of its tax revenue, and about 1/10 of its urban employment.Since last year, Fujian has actively responded to the adverse impact of the epidemic and made new progress in utilizing foreign investment.Chen jing pointed out that in 2021, the province will set up 2,742 new foreign-invested enterprises, 508 more than the previous year;Paid-in foreign investment reached 36.91 billion yuan, up 6.1% year on year, 17% more than the same period in 2019, and an average growth of 8.2% over the past two years.Among them, fdi in high-tech industry and service industry increased by 59.1 percent and 27.5 percent year-on-year respectively.In January this year, the province actually used 4.42 billion yuan of foreign capital, up 8.7% year on year, achieving a good start.”Fujian’s achievements in attracting foreign investment can be attributed to the continued play of the advantages of overseas Chinese from Taiwan, Hong Kong and Macao.”Chen jing said that the mainland has drawn up the first special guidelines for Taiwan investment and organized the “Well-known Taiwan Enterprises’ Trip to Fujian” activity. In 2021, the actual use of Taiwan capital will increase by 30.7%. So far, more than 50 top 100 Taiwan enterprises have made direct investment in Fujian.In 2021, the actual use of Hong Kong and Macao investment will increase by 14.2% through the economic and trade cooperation mechanism between Fujian, Hong Kong and Macao, in conjunction with relevant government agencies of the Hong Kong and Macao SAR.In 2021, the actual investment from ASEAN, the main settlement area for Fujian overseas Chinese, increased by 42.3%.At the same time, Fujian has also built a key innovation platform of Fujian Pilot Free Trade Zone, with a total of 4,800 new foreign-funded enterprises and a contractual foreign capital of 36.48 billion US dollars, accounting for 28.3% and 35.1% of the province respectively. The Internet of Things, integrated circuits, aviation maintenance and other industries have been cultivated and developed.”In the future, Fujian will continue to expand its opening-up and take multiple measures to attract foreign companies to fujian, improve its comprehensive competitive advantage in attracting foreign investment and better serve the new development pattern.”Jing Chen said.(Zheng Jiangluo via Chinanews.com)

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