Foreign Investment Sees Growth Momentum

2018-08-17
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Between January and July, Hunan attracted an actual investment of 406.808 billion CNY according to the data released by the Department of Commerce of Hunan Province on August 14. The actual utilization of foreign investment reached 9.624 billion USD, a year-on-year growth of 14.6%. It completed 60.1% of the provincial annual plan. There were 166 foreign investment enterprises newly established, up 76.6% over 2017.

The investment of Hongkong to Hunan (the largest source of foreign capital) maintained a steady growth. Hunan actually utilized capital from Hongkong of 6.628 billion USD, a growth of 9.2%. Taiwan ranked in the second place. Its investment growth rate stayed over 30% in the past five consecutive months.

Compared with the growth rate of the foreign investment actual utilization in the whole province, western Hunan witnessed a higher rate of 9.7 percentage points. It led the whole province in the past five consecutive months. The actually-utilized foreign capital and domestic capital of Changsha - Zhuzhou ¨C Xiangtan city cluster and three cities of southern Hunan (Hengyang, Chenzhou, and Yongzhou) accounted for 80.7% and 56% of the provincial total respectively.

The ¡®2018 Hunan - Yangtze River Delta Economic and Trade Cooperation Conference Week¡¯ was successfully held in late July. From January to July, Hunan newly introduced 105 investment projects of 74 enterprises listed as Top 500. The total investment capital registered 304.57 billion CNY. Among the total, there were 53 projects invested by 30 enterprises listed as World Top 500 with, and 43 investment projects from 36 enterprises on the list of China Top 500.

Source: enghunan.gov.cn