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Over 60% of Foreign Firms in Anhui Invest in Tertiary Industry

Pub Date:17-03-28 09:53 Source:www.cnanhui.org

677 foreign-funded companies were registered in East China’s Anhui province in 2016, representing a year-on-year rise of 12.27 percent, local administration for industry and commerce said.

Out of them, 531 companies were engaged in the tertiary industry, up 17.74 percent from a year ago, according to the Anhui Provincial Administration for Industry and Commerce.

As of December 31, 2016, there were 5,549 foreign enterprises across the province, up 9.60 percent from a year earlier. The number of companies engaged in the first, second and tertiary sectors hit 76, 2,008 and 3,465, respectively. It’s worthy of note that the tertiary industry saw a 14.89 percent year-on-year increase in the quantity of businesses.

The newly-registered businesses collectively injected $8.57 billion into the province last year, up 43.09 percent year on year. Their registered capital rose 8.21 percent to $3.41 billion, $2.83 billion out of which were poured by foreign investors, up 23.23 percent.

By 2016, the province’s foreign-funded companies made investments worth $67.26 billion, a year-on-year rise of 15.58 percent, while their registered capital reached $34.58 billion, up 11.84 percent year on year. Foreign investor contributed $25.51 billion, up 14.17 percent.


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