Ningbo "Acceleration" in Attracting Investment
- Details
- Category: Governmental News
- Published: Monday, 22 November 2021 13:12
"Obviously, Ningbo's foreign investment attraction has accelerated on the basis of the general ‘exceeding expectations’ across the country." With the latest data approved by the Ministry of Commerce, the relevant person in charge of the Municipal Bureau of Commerce said excitedly. Yesterday, the Ministry of Commerce held an online press conference. In the first ten months of this year, the effectiveness of my country's absorption of foreign investment exceeded expectations. According to the statistics of the Ministry of Commerce, in the same period, Ningbo actually utilized US$3.08 billion of foreign capital, a year-on-year increase of 34%, which was 10.6 and 16.3 percentage points higher than the national and provincial levels respectively.
As a national open-up "excellent student", Ningbo is steadily increasing the scale and quality of foreign investment, contributing Ningbo's strength to the overall situation of opening up. In the first ten months, the contractual foreign capital of foreign-funded enterprises in the city increased by 2.89 billion U.S. dollars, 3.1 times that of the same period last year. Among them, the contractual foreign investment of Ningbo Zhongfang Group Co., Ltd. increased from US$304 million to US$608 million, the contractual foreign investment of Zhejiang Jikrypton Intelligent Technology Co., Ltd. increased from US$50 million to US$310 million, and the contractual foreign investment of Ningbo Junlian Zhixing Technology Co., Ltd. 28.98 million U.S. dollars increased to 140 million U.S. dollars.