Asia Becomes Guangdong s New Prime Place in Attracting Foreign Capital

Statistic data indicated that Asian countries and regions which were relatively strong amid the international financial crisis have become the new prime place of Guangdong province in attracting foreign capital instead of European and American economic bodies.

Data issued by the Statistics Bureau of Guangdong Province showed that Guangdong, one important place of China in attracting foreign investment, continues the good trend of growth since the latter half of last year from the beginning of this year, wit the utilized foreign capital increasingly rising. In the first quarter, the provincial contracted foreign capital amounted to USD3.967b, up 27.4%; and the actually utilized foreign capital USD3.901b, up 5.0% year-on-year.

Compared with the European and American markets severely impacted by the international financial crisis, Asian countries and regions have become the provincial important source of foreign capital. Data indicated that in the first quarter, top ten countries and regions with actual investment in Guangdong were Hong Kong, British Virgin Islands, Singapore, Japan, Samoa, Netherland, Macao, Cayman Islands, Taiwan and the US respectively