BEIJING, May 21 (Xinhua) --The flow of foreign direct investment (FDI) into South China's Hainan Province reached 0.1 billion U.S. dollars in the first four months of 2019, rising nearly 20-fold, according to the statistics released by the provincial press office.
The number of market entities in Hainan has grown rapidly since last year, becoming an important support of entrepreneurial innovation and employment expansion, as well as a driving force for the construction of Hainan Free Trade Zone and Hainan Free Trade Port.
Since March 2019, the province has registered 34,000 new market entities. Among them, foreign-invested enterprises account for a relatively small proportion but record a fast growth rate, especially in scientific research and technology service, wholesale and retail, information transmission, software and information technology service industries.
Since the beginning of this year, up to 31 enterprises whose shareholders are Fortune Global 500, China’s top 500 companies and key enterprises of central enterprises, have settled in Hainan.
From Januray to April, a total of 109 foreign-invested enterprises were newly established in Hainan, showing a 3.7-fold increase year on year. The FDI flow into Hainan’s tourism, modern service industry, high and new technology industry and other industry accounted for 27.1 percent, 40.6 percent, 17.6 percent and 14.7 percent respectively. (Edited by Tong Wei, tongwei@xinhua.org)
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