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Zhoushan's actual use of foreign capital totals $323m

Updated : 2021-08-27 (chinadaily.com.cn)

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Shenjiamen fishing port in Zhoushan. [Photo/WeChat account: china-zjftz]

Zhoushan in East China's Zhejiang province performed well in investment attraction in the first seven months of the year, local media reported.

As of the end of July, the city’s actual use of foreign capital amounted to $323 million, completing 64.6 percent of this year's target.

A total of 5,849 companies have registered in the Zhoushan area of the China (Zhejiang) Pilot Free Trade Zone this year, including 996 oil and gas companies.

Seventy-nine projects with a total investment of more than 100 million yuan ($15.43 million) in the city have made substantial progress.

China Resources Power Holdings Co Ltd's 12GW heterojunction solar cell and module project broke ground in Zhoushan Marine Industry Cluster Zone in August, while the zone's two other projects are progressing steadily.

Since this year, Zhoushan authorities have published an investment attraction plan that focuses on the nine industrial chains of the green petrochemical industry, energy trade and consumption settlement, marine fishing, marine tourism, shipbuilding, marine electronic information, aviation, maritime service, as well as clean energy and equipment.