From January to June, 67 new foreign-funded projects were set up in Huai'an, with an agreed foreign investment of 1.14 billion US dollars.
The progress of achieving the goals is going well. Six counties and districts achieved the targets set for the foreign capital received in the first half of the year, especially Huaiyin District received the foreign capital of 136 million US dollars, exceeding the annual target by 6 months in advance. Jinhu County received 64.709 million US dollars in foreign investment and achieved 51.8 percent of its annual target.
The quality of foreign capital keeps improving. From January to June, 27 new projects (9 projects exceeding 100 million US dollars) with each investment of over 30 million US dollars were set up in the city, a net increase of 3 projects over the same period last year. The utilization of foreign capital by the manufacturing sector was 200 million US dollars, up 17.8 percent year on year, accounting for 39.1 percent of the total foreign capital received. and the utilization of foreign capital by the strategic emerging industries was 190 million US dollars, up 35.7 percent year on year, accounting for 36.5 percent of the total foreign capital received.
The contribution of foreign-invested enterprises has significantly increased. From January to June, the city's foreign-invested enterprises realized the import and export of 1.4 billion US dollars, an increase of 20.2 percent over the same period last year, accounting for 58.3 percent of the total import and export volume of the city. Foreign tax payments totaled 2.47 billion yuan, up 46.5 percent year on year.
New key projects have been advanced rapidly. By the end of June, 38 out of the 57 new projects set up last year with each investment of more than 30 million US dollars had been started and completed, with a construction rate of 66.7 percent. 14 out of 28 new projects set up in the first half of this year with each investment of more than 30 million US dollars had received the foreign capital of 150 million US dollars.