Fujian province sees increase in foreign capital

Foreign capital utilized in East China's Fujian province totaled 5.74 billion yuan during the first two months, a year-on-year increase of 7.9 percent, according to the province's department of commerce..

The manufacturing industry attracted 2.26 billion yuan. The service industry attracted 3.43 billion yuan, a 46.7 percent growth compared with last year.

The coronavirus epidemic has inevitably created impact on the economic and social development in Fujian, but it ia temporary and under control, said Dai Yongwu, a professor at the Management School of Fujian Agriculture and Forestry University.

The province is using platforms such as the China (Fujian) Pilot Free Trade Zone to attract foreign capital and optimize the business running environment by improving the service system for foreign investment, said Zhong Muda, deputy head of the FuJian Department of Commerce.

Zhong said impacts created by the epidemic on the sector of foreign-funded business in Fujian will show in the next two months.

Currently, the province is adopting a series of measures — including using online measures — to attract investment.