China's Jiangsu leads nation in FDI use
Source: Xinhua | 2021-01-27
Despite the COVID-19 pandemic, east China's Jiangsu Province led the nation in materialized foreign direct investment (FDI) in 2020, which grew 8.6 percent to 28.38 billion U.S. dollars, according to the provincial government.
The manufacturing industry used 9.18 billion U.S. dollars of FDI last year. The modern services industry became the primary force in attracting FDI, with the actual use of FDI in the technology promotion and application services industry increasing by 51.1 percent year on year.
Projects with materialized FDI of over 30 million U.S. dollars used 59.6 percent of the province's total foreign investment last year, an increase of 5 percentage points over the same period in 2019.
Jiangsu also saw its actualized FDI from Belt and Road countries surge 12.8 percent year on year, taking up 5.7 percent of the province's total.
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