The actual utilization of foreign direct investment (FDI) in the coastal city of Xiamen, East China's Fujian province totals 1.97 billion yuan ($304.38 million) in January this year. [Photo/xmnn.cn]
The actual utilization of foreign direct investment (FDI) in the coastal city of Xiamen, East China's Fujian province totaled 1.97 billion yuan ($304.38 million) in January this year, increasing by 13.8 percent, according to data released by the city's commerce bureau.
Xiamen's actual use of FDI accounted for 48.3 percent of Fujian's total amount, 2.5 percent higher than the previous year.
The city's service sector utilized 1.22 billion yuan of FDI in January, accounting for 62.2 percent of the city's total.
The launching of a number of key foreign projects, such as Electric Glass (Xiamen) Company, has played an important role in the sustainable growth of foreign investment and reflected the city's increasing economic appeal to foreign investors.
Starting this year, the city's commerce bureau has organized a number of investment promotion activities, such as negotiations, meetings, and business matchmaking activities, to offer platforms for overseas investors.
Authorities in Xiamen have vowed to further improve its business environment to share the development opportunities of the city in the new year with foreign businesses.
China has launched a new pilot program to allow eligible enterprises greater access to overseas financing in support of green and low-carbon transformation projects, the country's foreign exchange regulator said on Aug 21.
To further streamline the experience, China is expanding tax refund stores, broadening the range of refundable goods, and refining refund procedures, ensuring an efficient and seamless shopping experience for global visitors.
