Aerial photo taken on Sept. 1, 2020 shows the view of Yundang Lake and its surroundings in Xiamen, east China's Fujian Province. (Xinhua/Jiang Kehong)
BEIJING, Jan. 25 (Xinhua) -- The actual use of foreign investment in east China's Fujian province topped 34.79 billion yuan in 2020, up 10.3 percent year on year, a record high increase in the past decade, reported a local newspaper on last Friday.
In 2020, the inflow of foreign capital into key areas in Fujian increased significantly. Xiamen city and Fuzhou city ranked the top two in terms of actual use of foreign capital, which rose 23.8 percent and 7.3 percent year on year respectively in the two cities. The Xiamen Area of the China (Fujian) Pilot Free Trade Zone saw the paid-in foreign capital up 23.3 percent last year.
Foreign investment in Fujian's high-tech manufacturing sector increased by 6.7 percent on year last year. In breakdown, the inflow into the optoelectronic device manufacturing segment rose by 45.1 percent on year, and the foreign investment in communication equipment, radar and supporting equipment manufacturing segment grew by 10.9 percent on year.
The actual use of foreign capital in Fujian's service industry increased by 37.2 percent on year in 2020, accounting for 58.3 percent of the province's total actual use of foreign capital. Specifically, the actual use of foreign capital in the accommodation and catering segment, leasing and business services, and wholesale and retail segment surged 141 percent, 98.7 percent and 70.6 percent year on year respectively.
Last year, 68 enterprises in Fujian received cumulative foreign investment of 100 million yuan and above, with the paid-in amount up 21.1 percent on year, and seven enterprises each received foreign investment of more than one billion yuan. (Edited by Su Dan with Xinhua Silk Road, sudan@xinhua.org)
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