Tertiary Industry attracted huge foreign investment
- Details
- Category: Ningbo Business
- Published: Wednesday, 26 December 2012 20:19
News from Ningbo Municipal Bureau of Foreign Trade & Economic Cooperation indicated that the amount of new foreign-funded projects was 391 from January to November, with a total investment of 9.156 billion US dollars which increased 0.8 percent against the same period of last year. Among which 4.945 billion US dollars was contracted investment and the investment in actual use was 2.603 billion, increasing 6.4 percent and 0.01 percent respectively.
It is learned that, among the projects (having a total investment of 7.643 billion US dollars) introduced in November, 203 projects has a total capital of over 10 million US dollars. And projects of over 30 million US dollars were 66, whose total investment amounted to 5.47 billion US dollars.
Tertiary industry becomes the new engine of Ningbo in attracting foreign investment. From Jan. to Nov, the contract investment from tertiary industry stood at 1.907 billion US dollars, increased 12.2 percent year on year and accounting for 38.6 percent of the total investment. The foreign investment in actual use was 1.412 billion US dollars, accounting for 54.2 percent of the total. Sectors for investment became more comprehensive, ranging from such traditional sectors as communications and transportation, warehousing, renting and commercial services to emerging industries like information transmission, computer service as well as software.
It is introduced that 98.9 percent of Ningbo’s annual contact investment goal was fulfilled within the past 11 months, together with the fulfillment of 93 percent of the investment in actual use. “Measures of accelerating the exploration and development of city functional zones and optimizing the spatial plan for the joint development of the urban and rural areas have significantly increased investment opportunities in traditional business and trade sectors”, said a relative person working in Ningbo Municipal Bureau of Foreign Trade & Economic Cooperation
