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Hangzhou's foreign investment in 2024 ranks 3rd in China
en.hangzhou.com.cn   2025-01-20 17:04   Source: hangzhou.com.cn

Despite the harsh international economic environment, in 2024, Hangzhou achieved a historical breakthrough in foreign investment with 6,542 million US dollars involved, ranking third in China, following Shanghai and Beijing.

Hangzhou makes efforts to boost five industries, including intelligent Internet of Things, biological medicine, high-end equipment, new material, and green energy, to attract industrial investment. In 2024, Hangzhou’s manufacturing industry has attracted foreign investment with over 3.9 billion dollars.

Thereinto, the cooperation between LEAPMOTOR and Stellantis as the multinational automobile enterprise became a model for Hangzhou’s private enterprises to attract foreign investment. And the construction of the new factory of YOKOHAMA was the largest foreign-owned manufacturing project in Hangzhou in recent 10 years.

Author: Text by Ye Lijiao  Editor: Ye Lijiao
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