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Anhui's Jan-Jul FDI Up 18.2%

Pub Date: 14-08-28 15:16 Source: www.cnanhui.org

Anhui's foreign direct investment (FDI) rose 18.2 percent year-on-year to $7.78 billion from January to July, said the Department of Commerce.

In July alone, the province's FDI reached $1.02 billion, up 7.2 percent from a year earlier.

During the Jan-Jul period, the provincial government approved 14 programs each worth more than $50 million. The total investments hit $1.82 billion, up 26.4 percent year-on-year.

To date, up to 68 Fortune 500 companies have expanded their reaches into the East China's province by setting up a total of 107 plants or subsidiaries. Meanwhile, it has attracted $55.95 billion foreign capital.

The number of newly-approved foreign-funded programs between January and July dwindled 2.2 percent year-on-year to 131. Yet such a drop slowed down from 5.2 percent for the previous seven months, according to the department. Under related contracts, $1.6 billion was poured into those projects, representing a year-on-year rise of 10.9 percent.

In July alone, 22 foreign programs worth $220 million were launched in Anhui, up 15.8 and 56.4 percent from a year ago, respectively.

The service sector emerged as a magnet for foreign investment, receiving $3.48 billion capital from abroad in the first seven months this year. The figure rose 69.3 percent over a year earlier, which contributed to 21.6 percentage points of the province's FDI growth.

Editor: Rita

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