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Xiaogan Achieved a Good Beginning with Foreign Investment

with a Significant Increase in Investment Scale and Quality

“Xiaogan achieved a ‘good beginning’ with foreign investment in a context where the there is a drop for constantly 14 months in foreign direct investment throughout the nation,” which means the foreign-funded enterprises in Xiaogan received sound development,” said by an official of Xiaogan Municipal Bureau of Commerce yesterday.

In the first quarter of this year, based on an outstanding achievement which was made in the last year, another success was made with foreign investment in Xiaogan. During January ~ March, two foreign-funded enterprises with their foot set in Xiaogan have been approved; and two capital increment projects have also been approved. The foreign capital amount of newly approved contract reached USD 38.59 million, with year-on-year growth of 34%; the amount actually used was USD 68.50 million, with year-on-year growth of 19%. The amount actually used accounted for 25.7% of the government’s target tasks.