Foreign direct investment (FDI) into East China's Anhui province rose 7.1 percent year on year to $2.69 billion between January and February, the Department of Commerce said.
50 foreign-invested companies were registered in the province during the first two months of 2018, doubling the number a year ago. Many specialized in medical technology, biotechnology, education and consulting. Seven out of them recorded $10 million in investment value each. Hefei, the provincial capital, was home to nearly half of the newly-registered foreign companies, followed by Ma’anshan and Wuhu.
The service sector attracted $1.1 billion of overseas capital in the Jan-Feb period, up 31.3 percent from the same period a year earlier. FDI in logistics, science and technology, culture and entertainment and the real estate industry surged 450 percent, 380 percent, 320 percent and 54.4 percent, respectively, while FDI in manufacturing stood at $1.26 billion, down 4.5 percent year on year.
FDI into cities of Anqing, Fuyang and Xuancheng rose more than 50 percent year on year. Chuzhou, Bengbu, Chizhou, on the contrary, posted a decline in FDI, official statistics showed.
FDI into development zones at provincial and above level reached $1.5 billion, up 19.1 percent. Counties in the province attracted $650 million, down 16.6 percent year on year.