Hainan sees surging foreign investment growth

0 Comment(s)Print E-mail Xinhua, September 24, 2020
Adjust font size:
A cruise ship at a dock of Phoenix Island in Sanya, south China's Hainan Province, March 2, 2017. [Photo/Xinhua]

With free trade port policies, China's southern island province of Hainan has attracted more foreign investment in the first eight months of this year.

From January to August, 407 foreign-funded companies were newly established in Hainan, up by 86.7 percent from a year earlier, according to the provincial department of commerce.

Meanwhile, the actual use of foreign investment in Hainan surged by 33.1 percent year on year to 387 million U.S. dollars, said the department.

A total of 255 new foreign-funded enterprises, or 62.7 percent of all in the eight months, were established from June to August.

The investment frenzy came after China released a master plan for the Hainan free trade port on June 1, aiming to build the province into a globally influential, high-level free trade port by the middle of the century.

The new foreign-funded enterprises are from 50 countries and regions, the department said.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter