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Zhejiang's actual use of foreign investment surges in H1

ezhejiang.gov.cn| Updated: July 23, 2021 L M S

During the first six months of this year, East China's Zhejiang province's actual use of foreign investment reached $10.63 billion, up 41.6 percent from the previous year, according to the latest statistics from the Zhejiang Provincial Department of Commerce.

Zhejiang's actual use of foreign investment accounts for 11.7 percent of the national aggregate, ranking fifth among all provincial-level regions.

A total of 1,863 foreign-funded companies were established in Zhejiang over the first half of this year, up 64.4 percent year-on-year.

Large investment projects saw a consistently growing proportion of all foreign-funded projects. The number of projects each drawing in over $30 million in foreign investment is 82 in H1, with their combined investment reaching $6.19 billion, 49 percent higher than the corresponding figure last year.

The actual use of foreign investment in the province's manufacturing sector surged 42.7 percent year-on-year to $3.18 billion, up 42.7 percent from the previous year.

Moreover, the figure for the province's high-tech industries stood at $4.48 billion, soaring 92.8 percent year-on-year.

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The 23rd China Zhejiang Investment and Trade Symposium, held in Ningbo, Zhejiang province on June 7, matches Zhejiang's cooperation potential with overseas investors. [Photo provided to chinadaily.com.cn]