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Anhui's foreign capital utilization grows 4.8% in Q1

Updated: Aug 21, 2019 govt.chinadaily.com.cn Print
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Hefei, East China's Anhui province [Photo/VCG]

East China's Anhui province reported actual utilization of foreign capital totaling $4.38 billion in the first quarter of 2019, an increase of 4.8 percent year-on-year.

The province made breakthroughs in bringing in global Top 500 enterprises, with 86 of them setting up 161 enterprises in Anhui by the end of March this year.

Manufacturing industries saw steady growth in the first quarter of 2019. From January to March, the province attracted foreign capital totaling $2.41 billion in manufacturing industries, growing by 11.6 percent year-on-year, among which metal ware, chemical engineering, home appliances and electronic information increased by 149.8 percent, 143.2 percent and 41.2 percent. The service sector attracted foreign investment of $1.54 billion, up 1.3 percent year-on-year.

In recent years, Anhui's foreign capital utilization has stepped into the middle and high-end levels, which played an important role in promoting the province's industrial transformation and upgrading.

The provincial government will further increase foreign investment in the advanced manufacturing and service sectors, and set up a planning mechanism driven by the market, with the aim of maintaining steady growth in foreign capital utilization.

Source: ah.gov.cn

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

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