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E.China's Fujian attracts surging foreign investment from B&R countries in Jan.-Sept.

By: Belt and Road Portal   Update:2022-11-01
Foreign investment attracted by east China's Fujian Province from the Belt and Road (B&R) countries and regions surged 184.5 percent year on year in the first nine months of the year, according to data from the Fujian Provincial Department of Commerce on Tuesday.
During the same period, Fujian's foreign investment in actual use increased by 23 percent year on year to 4.49 billion U.S. dollars. Among them, foreign investment from members of the Regional Comprehensive Economic Partnership (RCEP) rose 65.6 percent year on year, while investment from ASEAN countries surged 156.1 percent.
With the extensive cooperation opportunities brought by the signing and entry into force of the RCEP agreement, Fujian Province witnesses closer exchanges and cooperation with RCEP members and ASEAN countries.
At the same time, high-tech industries and manufacturing industries in Fujian Province are popular areas for attracting foreign investment. Data show that from January to September this year, the actual use of foreign capital in Fujian's high-tech industry sector increased by 49.6 percent year on year, accounting for 34.2 percent of Fujian's total, while the foreign capital in actual use in the manufacturing industry surged 99 percent from a year earlier.

Dian ICP Bei NO. 11000472-9