GUANGZHOU: The Guangdong province in China has seen marked increase in foreign direct investment in the high-technology industry this year, with actually utilised FDI in the pharmaceutical manufacturing and high-tech service sectors surging 63% and 59.1%, respectively, in the first 10 months.
The province booked 130.25 billion yuan (US$18.48bil) in actually utilised FDI in all categories in the first 10 months of this year, up 2.41% year-on-year, according to Nanfang Daily, citing the provincial commerce department. In total, 42 projects involved actually utilised FDI of over US$100mil each.