17,000 new foreign-funded companies established in Guangdong province in January-July: Chinese media

The number of foreign-affiliated companies established in China's Guangdong Province between January and July this year reached 17,000, up 32.7% from the same period last year.
This year, several major foreign-funded projects in Guangdong Province have been promoted.
The city of Foshan has completed construction of a 10 billion yuan smart manufacturing base, invested by German industrial giant SEW-EURODRIVE.
In Huizhou city, the Ex-Seongmo Building project, a major petrochemical project, has officially begun operation.
Guangdong Province has implemented new foreign investment promotion policies and is working to further strengthen market vitality.
The government has introduced 12 measures to draw out foreign capital, including support policies for loan interest subsidies for manufacturing and high-tech companies and the establishment of foreign-funded research and development centers.
Meanwhile, the amount of foreign capital introduced into Guangdong Province from January to July on an executed basis (hereinafter the same) was 65.67 billion former (approximately 1.4 trillion yen), up 8.2% from the same period last year. Of this, foreign capital in the manufacturing industry
The amount introduced accounts for 29.1% of the total.