Zhejiang province a hot spot for foreign investment in H1

Zhejiang province became a hot spot for foreign investment in the first half of 2019 because of steady upgrades in the business environment, government officials and industry experts said.

The department of commerce in Zhejiang province said the area has become a popular destination for foreign investors and the growth of its foreign direct investment has outpaced other coastal provinces in the first six months of the year.

It said its total FDI reached $6.95 billion, up 4.8 percent year-on-year, 1.3 percentage points higher than the national average. The FDI accounted for 9.8 percent of the total FDI nationwide.