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Ningbo witnesses good start of foreign capital use
2018-02-13Text Size: A A A

In January, Ningbo achieved a total actual foreign capital use of US$459 million, up by 10.1% over the same period of last year, showing a good start of the use of foreign capital in 2018.

The first month of the year witnessed the obvious driving effect of the major projects and the further optimization of the industrial structure in terms of foreign capital use. Within the month, 50 foreign-funded corporations were registered, with a total investment of US$1.9 billion yuan and a contracted foreign capital use of US$785 million yuan, up by 35.1%, 219.2% and 134% respectively over the same period of last year.

Some major projects have been introduced. The Guagua Agricultural Technology Co. Ltd. in Jiangbei District, established by Hong Kong Spruce (China) Holdings Co. Ltd., is mainly engaged in the food management and development of some agricultural, forestry, pastoral and fishing projects. In January this year, it received an added investment volume fo US$160 million yuan, making the actual foreign capital use reaching US$180 million. The Junsheng Auto Security System Co. Ltd., located at the High-tech Zone, has attracted a total investment of US$306 million, with the contracted foreign capital of US$120 million. In the financial field, the Maxwealth Fund has achieved an additional contracted foreign investment of US$30.54 million.

Since 2017, Ningbo has focused on such aspects as the transformation and upgrading, structural optimization and industrial chain level improvement in its work of foreign investment attraction. It has so far made great progress in the new platforms, new industries and new technologies by taking advantage of the beneficial state policies.

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