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Ningbo attracts more foreign investment
Last Updated(Beijing Time):2017-08-23 09:34:00
 

In the first seven months this year, Ningbo approved 284 new foreign investment projects, with a total investment of US$3.745 billion. The amount of the projects increased by 14.5% over the same period of last year, with a contractual foreign investment volume of US$2.561 billion and an actual volume of US$2.552 billion.

According to the statistics, despite the decline of the actual foreign trade investment volume during this period and the decrease of the investment in manufacturing for the past six consecutive months, the investment structure has been optimized in terms of industrial orientation. The new energy and high-tech industry have become the major fields for foreign investment attraction in Ningbo. With the strengthening of the investment confidence, more multinational enterprises, especially some Fortune 500 enterprises, have begun or increased investments in Ningbo.

Meanwhile, the investment in commercial housing projects has dropped dramatically. In the first seven months, the contractual investment volume of foreign investors decreased by US$843 million, accounting for 34.5% of the total volume. The majority of the decrease falls in the commercial housing field. Eight enterprises concerned reduced a total of US$540 million, accounting for 64% of the total decreased volume for the city.

Viewed from the global market, the multinational enterprises began to transfer their focus from inner integration to outbound expansion thanks to a better expectation of the world economic growth, and merger and acquisition have become the growth pole for Ningbo’s foreign investment attraction. From January to July, Ningbo approved 19 merger and acquisition projects, with a total investment of US$223 million and a contractual investment volume of US$156 million, up by 44.8% and 12.2% respectively over the same period of last year. The projects are mainly in the tertiary industry, with the total investment and contractual investment accounting for 66.4% and 64.1% of the total respectively. The related investments are mainly from such countries as France and Australia.

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