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Hunan's foreign capital utilization hits $9.57b in H1

Updated: Aug 21, 2019 govt.chinadaily.com.cn Print
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A night view of the downtown area in Changsha, Central China's Hunan province [Photo/VCG]

The actual utilization of foreign capital in Central China's Hunan province totaled $9.57 billion in the first half of this year, growing by 11.9 percent year-on-year, according to information the provincial commerce department provided July 19.

The actual investment of Hong Kong, the province's top source of foreign investment, accounted for 75.1 percent of Hunan's total, up 22.6 percent year-on-year and 6.6 percentage points higher than in the same period last year.

The actual paid-in investment from countries and regions along the Belt and Road Initiative (BRI) route was $147 million, a small increase after a 14-month decline.

According to statistics, Hunan attracted 415.9 billion yuan ($58.87 billion) of actual paid-in investment for 322 major projects in the first half of this year, the funds coming from 115 newly founded foreign-invested enterprises , among which 28 are global Top 500 enterprises.

The actual utilization of foreign capital in the tertiary industry sector accounted for 51 percent of the province's total, among which wholesale and retail sales, leasing and business services witnessed sharp increases. The foreign capital utilization in the primary industry sector experienced a growth rate of 57.7 percent, 65.5 percentage points higher than in the same period last year.

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