2020 marks the critical time for investment promotion and project construction. The reporter learned from Xiamen Municipal Bureau of Commerce on April 15 that Xiamen tightened the investment promotion work and made a success in paid-in foreign investment.
Data showed that 222 new foreign-funded enterprises were established in Xiamen from January to March, with contracted foreign investment of 6.752 billion Yuan, up 21.9% year on year, and the paid-in foreign investment was 5.967 billion Yuan, up 30.1%, accounting for 53.0% of the province's total.
The high-tech manufacturing industry showed strong momentum, with the paid-in foreign investment in the first quarter totaling 1.148 billion Yuan, up 9.9%, accounting for 41.3% of the manufacturing industry. Of this amount, the electronic and communication device manufacturing industry reached 1.05 billion Yuan, up 11.7%. The high-tech service industry achieved a paid-in foreign investment of 520 million Yuan, up 18.9%, mainly in the information service industry. The key projects gained a marked rise in the paid-in investment. In the first quarter, there were 22 new contracted foreign-funded projects worth more than 10 million US dollars in Xiamen, with contracted foreign investment of 855 million US dollars, accounting for 87.9% of that of Xiamen. There were 15 new foreign-funded projects worth over 10 million US dollars, with paid-in foreign investment of 823 million US dollars, accounting for 94.8% of the city's total.
