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Zhenjiang achieved FDI growth against downward trend in the first half of 2020
updated on:2020-07-31 09:37

From January to June, Zhenjiang reported paid-in FDI of USD 440 million, which completed 55.3% of the annual plan. The confirmed paid-in FDI registered USD 360 million, a year-on-year increase of 19.5%, ranking fifth in the province in terms of the growth and rising one notch compared to the ranking in May.

The impact of various factors including the outbreak of covid-19 has brought difficulty to the efforts in stabilizing foreign investment. To cope with this, the CPC Zhenjiang Committee and Zhejiang Municipal People’s Government established a comprehensive, multi-channeled, and wide range-covered framework for industrial projects introduction with specified priorities in business promotion in top-level design as source of endless impetus for work in foreign investment. “Promoting openness in development” has also been listed as a key task, based on which paid-in FDI will be regarded as an indicator for the evaluation of high-quality development. The city strived for improvement in both provincial and municipal level assessments. In the first half of 2020, 156 industrial projects over RMB 100 million each were newly signed, a year-on-year increase of 14.7%, of which 16 were foreign-invested ones.

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