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Haikou Jiangdong New Area
Investment

E China's Zhejiang sees rising foreign investment in actual use in first four months

May 22, 2020


Abstract : East China's Zhejiang Province saw the foreign investment in actual use amount to 4.96 billion U.S. dollars in the first four months of the year, an increase of 8.9 percent year-on-year, according to Department of Commerce of Zhejiang Province.

BEIJING, May 22 (Xinhua) -- East China's Zhejiang Province saw the foreign investment in actual use amount to 4.96 billion U.S. dollars in the first four months of the year, an increase of 8.9 percent year-on-year, according to Department of Commerce of Zhejiang Province.

The amount of the foreign investment in actual use by the province during the period accounted for 12 percent of the country's total foreign investment in actual use, 1.9 percentage points higher than the same period last year, ranking fourth nationwide, said the department.

To be specific, in March, the province saw the foreign investment in actual use stand at 1.22 billion U.S. dollars, achieving a positive year-on-year growth. However, its foreign investment in actual use in the first quarter was down 2.1 percent year-on-year to 3.89 billion U.S. dollars.

Hong Kong, China is the main source of foreign investment in the province, and has basically accounted for about two-thirds of the province's foreign investment in recent years, according to Lu Jun, an official of the Department of Commerce.

In the next step, Zhejiang will actively carry out cloud investment promotion activities, and deepen services for enterprises to stabilize foreign investment, said Lu. (Edited by Hu Pingchao with Xinhua Silk Road, hupingchao@xinhua.org)

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Keyword: foreign investment foreign investment in actual use

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