Xiamen tops Fujian for utilized foreign investment in first seven months

City officials announced last week the establishment of 554 additional foreign-invested enterprises in the first seven months of the year. The entities registered a total contractual foreign investment of 22.4 billion yuan, up by 23.8 percent year-on-year. Actual foreign capital utilized in Xiamen in the period hit 10.9 billion yuan, up 37.9 percent year-on-year and accounting for 49.2 percent of Fujian's total.　　　 

In term of industry, the actual foreign investment utilized in manufacturing in Xiamen amounted to 4.7 billion yuan in the first seven months of this year, a year-on-year rise of 6.4 percent. The service industry generated actual utilized foreign capital of 6.2 billion, jumping 78.2 percent over 2019.　　　 

Officials also announced that 46 newly-signed foreign investment projects in Xiamen were valued at or higher than $10 million. The projects have a total contractual foreign investment of $2.8 billion.

Source from：Common Talk, Xmenglish