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Anhui's FDI Rises 8.5% Year-on-Year in Q1

Pub Date: 16-04-28 09:36 Source: www.cnanhui.org

Foreign direct investment (FDI) into East China's Anhui province rose by 8.5 percent year-on-year in the first quarter (Q1) of 2016 to US$3.63 billion, the Department of Commerce said on Wednesday.

FDI in the province's strategic emerging industries gained 11.5 percent from the same period a year ago to US$730 million, or 20.2 percent of the total inflow.

Between January and March, the manufacturing sector attracted US$1.85 billion of foreign capital, up 26.6 percent year-on-year. In breakdown, equipment manufacturing, metal manufacturing and the textiles industry saw a year-on-year surge of 188.4 percent, 180.9 percent and 95.2 percent, according to the department's statistics.

Foreign investment in the service sector stood at US$710 million, up 49.6 percent year-on-year.

The top ten sources, among which were Hong Kong, Taiwan, Singapore, British Virgin Islands and Germany, poured US$3.46 billion into the province, accounting for 95.1 percent of the total FDI. The figure was 13.8 percent higher compared to a year earlier.

The department also noted that owing much to the increasingly deeper co-operation between Anhui and Germany, investment from the latter skyrocketed 88.4 percent year-on-year.

Editor: Rita

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