Province's investment attraction holds despite overseas dip

Despite the drop in overseas investment worldwide, Fujian province in East China is maintaining stable growth momentum in attracting overseas investment.

Data from the Fujian Department of Commerce show that 969 new overseas-funded companies were launched in the province in the first half of this year, involving a total of 34.27 billion yuan ($5.2 billion) in overseas investment, up 8.7 percent year-on-year.

The addition enabled the total number of overseas-invested companies in the province to reach 27,300, with a total combined investment of more than $242.7 billion, roughly $109.5 billion from overseas investors.