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Changzhou Saw a Steady Rise in Foreign Investment Utilization in the First Three Quarters
updated on:2019-10-31 08:04

Since the beginning of this year, Changzhou has devoted serious energy to key projects construction in its open economy, strived to create a fist-class business environment, continuously improved the quality and efficiency of foreign investment and strengthened efforts in attracting high-end foreign investment projects. In the first three quarters, actual paid-in investment hit USD 2.012 billion, up by 8.4% year on year, hitting the 77.4% mark of the annual target. The number of newly-added foreign investment projects reached 261, with a USD 5.162 billion newly-added contractual registered investment, up by 51.6%, 139.5% the annual target.

Key foreign investment projects of Changzhou made headway in the first three quarters. 43 new projects were registered with the contractual foreign investment exceeding USD 30 million, 13 more than the same period last year. The number of newly-added projects registering a total investment of more than USD 100 million arrived at 30, a year-on-year increase of 17. Foreign investment structure has been continuously optimized. There were 116 new manufacturing projects, with the newly-added contractual foreign investment amounting to USD 2.041 billion, up by 51.1% year on year. The newly-added contractual foreign investment amount and actual utilization amount of the ten industrial chain manufacturing projects respectively made up 84.2% and 85.1% of the manufacturing sector of the city. Actual utilized foreign investment of strategic emerging industries (provincial caliber) occupied 61.9% of the city’s total, a year-on-year increase of 9.88 percentage points. Another 140 service projects were reported, with the newly-added contractual investment hitting USD 3.116 billion, up by 53% compared with the same period last year. 

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