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USD 224 mn of Foreign Investment in Actual Use
2017-04-26 14:52:52

In this first quarter, Beilun New Area (Beilun District, Ningbo Economic and Technological Development Area and Meishan Bonded Area) totally approved 16 foreign-invested enterprises, with a total investment of USD 275 million, including USD 103 million of contractual foreign investment and USD 224 million of foreign investment in actual use.

In Beilun District, Ningbo Economic and Technological Development Area and Meishan Bonded Area, there is 1 project with a total investment of more than USD 10 million, 1 project with more than USD 10 million of registered capital (including increased capital) and 1 project with more than USD 10 million of contractual foreign investment (including increased capital).

On the whole, there are still many highlights for foreign investment in Beilun District in the first quarter. In terms of industries attracting foreign investment, the secondary industry is still the highlight of foreign investment. The capitals are mainly attracted to high and new technology industries, including automobile and parts, electromechanical equipment, robot and automation equipment, communication equipment and accessories.

The automobile and parts industry in particular attracts much attention. MINTH’s research and development project with a total investment of USD60 million settled in Beilun, which will aim at research and development of automobile and parts, as well as related equipment. In addition, Ningbo Xusheng Automobile Technology Co., Ltd. increased RMB 27.9661 million.

Furthermore, since Beilun District boasts the port-centered industry agglomeration, its traditional competitive industries still have a good development momentum. Formosa Plastics, Linde Industrial Gases (Ningbo), Ningbo Keyuan Plastic Co., Ltd., etc. input capital to their foreign investment projects, so that the manufacturing enterprises and big projects have become the main force of foreign investment in actual use in Beilun in the first quarter.

While the secondary industry performs well, the tertiary industry also has a good momentum. In this March, small-size unmanned aerial vehicle (USV) retail and wholesale enterprise - Ningbo Pailiken UAV and sports activities and culture and art organization and planning enterprise - Ningbo Pilot Sports Culture Development Co., Ltd. settled in Meishan, adding new source to the Meishan “ten million yuan revenue leisure tourism island”. The data shows that science and technology research and technology service, leasing industry, financial industry and wholesale and retail industry are becoming the key fields attracting foreign investment in Beilun.


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