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Anhui Becomes Magnet for Foreign Investors

source:www.cnanhui.org release date:2018/04/28 hits:38

More and more investors, domestic or overseas, are optimistic about the development of East China’s Anhui province and expand their reaches here as the land-locked province is making all-out efforts to open up.

As of March 31, 2018, there were 6,184 foreign companies in the province with a total capital of $87.57 billion, representing a year-on-year increase of 9.41 percent and 24.49 percent, respectively.

81 overseas conglomerates listed on the Fortune Global 500 built 154 companies in the province. Big names included Italian automotive supplier Magneti Marelli, BSH Home Appliances Corporation and ZF, a global leader in driveline and chassis technology.

70 programs directly invested by foreigners were newly registered in the first quarter of 2018(Q1), up 37.3 percent year on year. Foreign direct investment (FDI) in the province rose 7.3 percent to $4.18 billion as of March.

The local government has stepped up efforts to reform business systems, provide e-government services and ensure fair competition, in a bid to create favorable investment environment for investors.

From January to March, the service sector used foreign capital worth $1.52 billion, up 26.3 percent year on year, while the manufacturing sector attracted $2.16 billion in FDI, a year-on-year increase of 2 percent.

Strategic emerging industries lured $930 million from overseas investors in Q1, up 8.7 percent from the same period a year earlier.