1970-01-01 08:33:29
In April this year, the actual utilized FDI (foreign direct investment) in Guangdong Province increased by 7.2 percent year-on-year to 1.644 billion USD, the best monthly performance this year in terms of the amount of FDI attracted. The FDI growth in industries such as IT services and scientific research have been particularly rapid.
It is the third consecutive month since February that the actual utilized FDI in Guangdong has maintained positive growth. The FDI growth rate in April was 1.2 percentage points higher than that of March. In the first four months of the year, the number of newly signed FDI agreements across Guangdong Province totaled 1,364 with a gross contractual value of 4.412 billion USD, a respective decline of 52.7 percent and 58.9 percent; the actual utilized FDI reached 5.358 billion USD, a year-on-year increase of 2.9 percent.
The ratio of FDI in Guangdong to FDI in the whole country stands at 19.4 percent, an increase of 4.5 percentage points from the same period last year. Nevertheless, the number of newly signed FDI agreements and the amount of FDI contractual value in April dropped 59.7 percent and 49.2 percent respectively year on year, with a higher decline rate than last month.
With respect to the type of investment, in April, actual utilized FDI by foreign wholly-owned enterprises totaled 1.3 billion USD, accounting for 81.6 percent of the total FDI in Guangdong Province and representing a year-on-year increase of 19.5 percent. However, both the number of newly signed FDI agreements and the amount of FDI contractual value have noticeably declined.
The number of FDI agreements, amount of FDI contractual value and actual utilized FDI by joint ventures fell by 48.1 percent, 79.7 percent and 29.2 percent respectively.
With respect to sectors, foreign-funded enterprises in the secondary sector signed 142 new FDI agreements with a contractual value of 619 million USD, down 41.3 percent and 56.5 percent respectively; the actual utilized FDI rose 12.6 percent to 953 million USD, 900 million USD of which comes from the manufacturing industry, an increase of 13 percent.
The tertiary sector recorded 180 FDI agreements, 683 million USD in FDI contractual value and 681 million in actual utilized FDI, a decline of 67.5 percent and 38.3 percent, as well as an increase of 0.1 percent, respectively.
Actual utilized FDI in information transmission, IT services and software industries increased 4.4 times to total 45 million USD; the actual utilized FDI in scientific research, technological services and geological prospecting industries increased 3.2 times to total 146 million USD.
By People's Daily Online