Jiangsu stays ahead among global capitals investments

16:22, January 28, 2011      

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Last year Jiangsu Province, a rich coastal province in eastern China, achieved an actual foreign investment of more than 28 billion US dollar, up 12.54 percent over the previous year.

The investment size keeps the first in China for eight years despite the global recession since for the past few years, according to the press briefing held on Jan, 27 by the Commerce Department of Jiangsu Province,
Foreign capital utilization was better structured in the year of 2010. Growing rates of the actual utilized foreign capital of both primary industry and tertiary industry were higher than that of secondary industry, respectively by 49 points and 15 points, as Zhu Min, Director-General of the Commerce Department of Jiangsu Province, elaborated on the achievements.

He also pointed out that the inter-regional development was better balanced. The actual utilized foreign capital of northern Jiangsu increased by 35.17 percent, while middle Jiangsu 18.1 percentage, respectively 22.63 points and 5.57 points higher than the provincial average.

Another progress was contributed by the soaring number of huge projects signed.

Additionally, the channels of using foreign capital became diverse. New foreign M and A projects reached 148, up 52.58 percent over the previous year. Other sources include 10 newly-registered investment companies with foreign investment, six venture capital companies, and 20 Co.,Ltd firms with foreign investment.

By Li Yancheng, People's Daily Online


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