Huai'an China News and Events
Huai'an Made Good and Steady Use of Foreign Investment
time:2021-01-06

In 2020, Huai'an spared no effort to stabilize its foreign investment, set up special working teams, and carry out full coverage tracking service for key foreign invested projects. From January to November 2020, the city's foreign investment on the account reached USD 910 million, up 14.3% year on year.

Great efforts were made to optimize the structure of foreign capital utilization. 55 newly foreign invested projects with a total investment of more than USD 30 million were set up, including 11 projects over USD 100 million each and 30 manufacturing projects. Foreign capital in manufacturing industry accounted for 40.04% of the total and that in strategic emerging industries occupied 50.6%.

Meanwhile, the transfer and agglomeration of Taiwan funded projects were accelerated, the Huai'an-Kunshan-Taiwan funded industrial cooperation mechanism was implemented, and the signing activities of the 15th Taiwan Entrepreneurs Forum was held. From January to November 2020, 34 newly increased Taiwan funded projects were established, with USD 160 million on the account, a year-on-year growth of 37.7%.

Also, the ways of utilizing foreign capital were innovated, by putting forward ten suggestions on stabilizing foreign capital, and guiding counties & districts to apply measures such as merger and acquisition, capital increase and profit reinvestment. The foreign investment through increasing capital and share accounted for 21.2% of the total.