Changchun Beihu Science Park in Changchun New Area [Photo provided to chinadaily.com.cn]

Statistics showed that the foreign direct investment (FI) in actual use in Northeast China's Jilin province was $656 million in the first three quarters of 2021, a year-on-year increase of 28.32 percent.

The growth rate ranked Jilin province first in Northeast China.

Since the beginning of the year, Jilin province has helped foreign-funded enterprises to make full use of foreign investment policies based on the extension of the industrial chain.

At the same time, Jilin has increased fiscal and taxation support, optimized the approval process and time limit, and helped with problems encountered by enterprises by offering targeted services.

Jilin has made full use of important platforms such as the China-Northeast Asia Expo and the World Jilin Entrepreneurs Convention to increase its efforts in attracting foreign investment.

With the adjustment and optimization of Jilin's industrial structure, foreign investment has shifted from traditional manufacturing to emerging industries such as medicine and health, new energy, and new materials.

In Changchun New Area, a biopharmaceutical company, an Iceland-Changchun hi-tech joint venture – Changchun Anwo Hi-tech Biopharmaceutical Co – is stepping up construction on its plant area. The plant is expected to be officially put into operation in June 2022.