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Jiangxi increases foreign capital utilization in Q1

Updated: Aug 19, 2019 govt.chinadaily.com.cn Print
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A night view of the downtown area in Nanchang, Jiangxi province [Photo/VCG]

East China's Jiangxi province reported actual utilization of foreign capital totaling $3.14 billion in the first quarter of 2019, an increase of 7.4 percent year-on-year.

Official statistics indicated that in the first quarter of 2019, the import and export volume of Jiangxi was $10.9 billion, a decrease of 9.9 percent, of which the export volume was $7.79 billion, down 13.6 percent, while its import volume was $3.11 billion, up 0.9 percent year-on-year. The total retail sales of consumer goods hit 189.9 billion yuan ($26.95 billion), a year-on-year growth of 11.1 percent, 2.8 percentage points higher than the national average and ranking first in the country.

In the first quarter, Jiangxi realized a turnover of $937 million in foreign contracted projects, increasing by 3.87 percent, the ninth highest in the country, among which the turnover in Belt and Road Initiative (BRI) countries reached $414 million, accounting for 44.1 percent of the province's total number, and direct foreign investment climbed to $52.79 million, rising 6.7 times year-on-year.

At the same time, Jiangxi also saw a sharp increase in its port business. The Jiangxi-Europe freight train made 96 trips in the first quarter, 3.3 times more than in 2018. Cargoes imported and exported by the sea-rail combined transport system amounted to 546,000 metric tons, growing by 42.78 percent year-on-year.

The passenger throughput of civil aviation at Nanchang Changbei International Airport was 3.62 million, accounting for 24.8 percent of the annual plan, while total cargo throughput was 229,000 tons, an increase of 55.15 percent year-on-year.

Source: jiangxi.gov.cn

(This English version is only for reference. To learn more, please refer to the authoritative Chinese version.)

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