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Shaanxi's actual utilization of foreign capital up 214.22% in H1

Updated: Aug 21, 2019 govt.chinadaily.com.cn Print
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An aerial night view of the Big Wild Goose Pagoda in Xi'an, Northwest China's Shaanxi province [Photo/VCG]

Northwest China's Shaanxi province posted year-on-year growth of 214.22 percent in the actual utilization of foreign capital, which totaled $4.39 billion in the first half of 2019, according to the provincial commerce department.

The province also attracted 127 newly founded foreign-invested enterprises (FIEs) in H1, growing by 7.63 percent year-on-year. Its contractual foreign capital utilization reached $1.98 billion, a year-on-year increase of 9.89 percent.

In June 2019, 37 FIEs settled in the province, an increase of 15.63 percent year-on-year, and the actual utilization of foreign capital hit $1.07 billion, up 263.85 percent year-on-year.

Foreign investment in the tertiary industry sector maintained fast growth in H1, with 98 FIEs settled in Shaanxi, an increase of 3.16 percent year-on-year, accounting for 77.17 percent of the total number of newly founded FIEs in the province. Shaanxi's actual utilization of foreign capital in the tertiary industry sector amounted for $1.13 billion, up 18.2 percent year-on-year, accounting for 25.77 percent of the province's total amount, while that in the secondary industry sector was $3.26 billion, 74.22 percent of the province's total.

In the first half of 2019, Shaanxi's pilot free trade zones recorded an actual utilization of foreign capital of $1.61 billion, increasing by 324.03 percent year-on-year. National economic development zones in the province also witnessed sharp growth in the actual utilization of foreign capital, which totaled $992 million with a year-on-year growth of 414.95 percent.

From January to June, the capital city of Xi'an (including Xixian New Area) has attracted 101 newly established FIEs, accounting for 79.53 percent of the province's total.

The city's actual utilized foreign capital volume reached $4 billion in H1, a year-on-year growth of 210.52 percent, accounting for 91.20 percent of Shaanxi's total.

Source: shaanxi.gov.cn

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

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