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Hubei makes headway in the foreign investment in first eleven months of 2018

Source: hubei.gov.cn 12/28/2018 05:12:04

In the first eleven months of 2018, 381 new foreign investment projects were established in Hubei, a year-on-year increase of 54.9 percent, and the actual use of foreign investment reached 11 billion U.S. dollars, up 8.6 percent, official data released on December 27.

148 new projects with a total investment of more than 5 million U.S. dollars were newly established, a year-on-year rise of 24.4 percent. Among them, there were 126 projects worth more than 10 million U.S. dollars, growing by 26 percent, as well as 55 projects worth more than 50 million U.S. dollars, expanding 19.6 percent. And Wuhan Douyu Yule Network Technology Co. Ltd. and 8 other projects enjoyed an investment of over 500 million U.S. dollars.

In the first eleven months, Hubei’s tertiary industry witnessed the establishment of 240 new projects, jumping 70.2 percent year on year. And its actual use of foreign capital was 4725.38 million U.S. dollars, up 5.2 percent year on year.

(hubei.gov.cn by Zhang Yawei)