Huangpu drives growth with 349 new projects, increased foreign investment

In the first three quarters of this year, Huangpu district signed contracts for 349 new projects, with registered project agreements yielding an annual output value exceeding 380 billion yuan ($59.66 billion).

The actual utilization of foreign capital has increased by 20.55 percent compared to the same period last year to $2.72 billion.

Notably, among the projects, nine of them, including Farasis Energy and TCL China Star Optoelectronics Technology, with investments in the hundreds of billion yuan, are expected to boost economic development in Guangzhou. Huangpu emphasizes its commitment to attracting foreign investment, consistently proving its strong appeal at global investment events.

Renowned companies such as AstraZeneca will inject fresh vitality into Guangzhou's biopharmaceutical industry. Huangpu actively supports foreign investment, attracting $2.72 billion in foreign investment this year, constituting 46 percent of the total foreign investment in Guangzhou.

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