Hubei’s actual use of foreign capital soars to $7.5b in H1

Hubei’s foreign direct investment (FDI) reclaimed the NO.1 in central China and top ten in the country in the first half (H1) of this year, according to the Department of Commerce of Hubei Province.

In H1, Hubei actually utilized 7.5 billion U.S.dollars, achieving a year-on-year increase of 2.8 times and 124.9 percent of the target, the official data showed.

Based on the same data source, the province’s actual use of foreign capital exceeded the same period in 2019 during the period, with a record high reaching 1.83 billion U.S.dollars in June, an increase of 4.7 percent year on year over 2019.

Source: World Trade Times