Jinpu reports 652% growth in foreign capital use in Q1

[Photo by Piao Feng]

Jinpu New Area achieved impressive economic results in the first quarter of this year, with a 4.6 percent increase in general public budget revenue, a 16.2 percent increase in fixed asset investment, and a 4.4 percent year-on-year increase in the total industrial output value of companies above a designated size.

The first quarter saw an actual use of foreign capital in Jinpu of $615 million, a 652 percent increase year on year, while the total import and export volume increased by 4.4 percent. Jinpu also attracted 17.07 billion yuan ($2.48 billion) in non-local domestic investment, achieving a 28.3 percent increase.

During the first quarter, Jinpu resumed or started construction on 420 projects, with a total investment of 285.7 billion yuan. Of these, 61 new projects received a total investment of more than 100 million yuan.

In addition, Jinpu focused on attracting investments from various regions and countries, including the Greater Bay Area of Guangdong, Hong Kong, and Macao, as well as Japan, South Korea, Europe, and America.

On a signle day Jinpu signed the contracts of 30 projects with a total investment of 15.2 billion yuan in the first quarter. Notable projects included a high-end sanitary ware project with an investment of 3 billion yuan, and the completion of the second phase of a new factory project with a total investment of 100 billion yen.

[Photo by Liu Zhaolong]