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Foreign investment grows
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THE city witnessed a total of US$2.101 billion in contractual use of foreign investment and US$1.209 billion in actual use of foreign investment between January and May this year, an increase of 94.97 per cent and 15.49 per cent respectively compared with the same period of last year.
According to the SZ Municipal Foreign Investment Bureau, investors from 42 countries and regions worldwide injected direct investment in Shenzhen since the beginning of this year. A growing momentum has occurred in the amount of investment from countries and regions such as Japan, Latin America, Oceania and Hong Kong while investment from developed countries in Europe and the United States has declined.
During the first five months of this year, the city approved 789 projects involving foreign investment, achieving an increase of 15.18 per cent over the same period of last year. Among them, 596 are items with direct investment, involving US$1.484 billion in contractual investment and US$807 million in actual use. Among the newly approved projects, 16 involve US$10 million plus.
While new investors continue to arrive, many existing foreign-invested firms have increased investment by US$269 million from January to May.
Experts said that this year the city's actual use of foreign investment features a growing number of individual investment and investment in management firms. During the five months, 93 individual-invested firms were set up. The city's water supplying facilities for the first time received foreign investment, which totalled US$42.698 billion.
(Mu Zi)
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