The crane lifts a container at the Ningbo ZhoushanPort in Ningbo, east China's ZhejiangProvince, March 3, 2021. (Xinhua/Weng Xinyang)
BEIJING, June 25 (Xinhua) – The actual use of foreign direct investment (FDI) in east China's Zhejiang province surged 35.4 percent year on year to 57.75 billion yuan (about 8.56 billion U.S. dollars) during the first five months this year, Department of Commerce of Zhejiang Province said Tuesday.
During the same period, Zhejiang's FDI in actual use accounted for 12 percent of the country's total, and it attracted a total of 1,467 foreign-invested enterprises to set up business in the province, rising 61.4 percent compared with the same period last year, according to the local authorities.
FDI in the manufacturing industry stood at 2.75 billion U.S. dollars, soaring 63.5 percent from a year ago, accounting for 32.2 percent of Zhejiang's total in the period.
Zhejiang's high-tech sector also achieved rapid growth in attracting foreign capital, with the FDI in actual use hiked 91.1 percent year on year to 3.79 billion U.S. dollars.
Among them, the actual use of foreign investment in pharmaceutical manufacturing and electronic communication equipment manufacturing increased by 5.9 times and 1.6 times compared with that in the same period last year, respectively.
Zhejiang Province, also a hot spot for foreign-funded construction projects, recorded 59 major projects involving more than 30 million U.S. dollars in the first five months of the year, with a total investment of 4.89 billion U.S. dollars, up 50.1 percent year on year.
(Edited by Jiang Feifan with Xinhua Silk Road, email@example.com)