Xiamen's Jan-April actual use of foreign investment accounts for 56% of Fujian's total
The actual use of foreign investment in Xiamen, Fujian province, was 11.86 billion yuan ($1.76 billion) in the first four months of this year, an increase of 32.8 percent year-on-year, and accounted for 56 percent of the province's total.
In the first four months, the actual use of foreign investment in the manufacturing industry increased 32.6 percent and accounted for 26.9 percent of the city's total, which was 4 percentage points higher than the figures reported at the end of 2021.
During the same period, the actual use of foreign investment in the service industry increased 33 percent and accounted for 73.1 percent of the city's total.
The actual use of foreign investment in the high-tech industry soared 40.2 percent year-on-year, which mainly covers the electronic and communication equipment manufacturing sector, as well as research and development and design services.
The actual use of foreign investment in Xiamen was largely influenced by major projects. The city's cumulative amount of major projects valued at over $10 million used a total of $1.58 billion of actual foreign investment, an increase of 29.4 percent, an accounted for 89.1 percent of the city's total.