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Chengdu’s Actual Utilized Foreign Capital in Q1 Shows Substantial Increase
2009/4/27 0:00:00 Source:MOFCOM Chengdu Office

From January to March, there were 38 newly approved and 23 capital increased foreign-invested projects in Chengdu, down by 55.3% and 34.3% respectively year-on-year. According to the statistics of Commerce Department, the contractual foreign direct investment was USD359.95m, down by 85.1% year-on-year, and the actual utilized foreign capital was USD775.81m, up by 30.3% year-on-year.
There were 16 newly approved and capital increased projects with contractual foreign capital of more than USD5m (11newly approved, 5 capital increased), with accumulative contractual foreign capital of USD345.6m, accounting for 96.0% of the city’s contractual foreign investment amount. And Hong Kong Jiade Holdings Limited invested the construction of Chengdu Airport Bonded Logistics Co., Ltd. and Chengdu Airport Logistics Investment Co., Ltd., with main business in the development, management, administration and consultation of storage facilities.

 

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