NANJING, Feb. 23 (Xinhua) — East China’s Jiangsu Province, a major economic powerhouse in eastern China, said the volume of FDI in actual use reached 4.83 billion U.S. dollars in January, up 24.6 percent year on year.
The province led the FDI in actual use in China in January, with the manufacturing sector recording 1.04 billion US dollars, up 9.3 percent year-on-year, and the service industry rising 40.3 percent year-on-year to 3.71 billion US dollars during the period. mentioned.
FDI in actual use to high-tech industries reached 1.24 billion US dollars, up 47 percent year on year.
In particular, the province recorded a rapid rise in FDI in actual use from the Republic of Korea, up 1,071.3 percent year on year in January, while FDI in actual use from Japan soared by 437.8 percent year on year during the period. .
Jiangsu Province has long been a favorite destination for global investors thanks to its favorable business environment. In 2022, the province approved 35 regional headquarters and function enterprises of transnational corporations, bringing the total to 366. End of news
