Yanbian Korean autonomous prefecture in Northeast China's Jilin province has recorded progress in its investment attraction with 53 projects worth 32.17 billion yuan ($5.05 billion) signed so far this year, according to local media reports.

In response to the adverse effects of the COVID-19 pandemic, Yanbian invested more than 400,000 yuan to build a multi-functional investment promotion project negotiation room to further promote the work of investment promotion through online cooperation and negotiation.

From January to October, there were 115 funded projects in the autonomous prefecture with funding of 26.88 billion yuan, which is a year-on-year increase of 30.7 percent.

During the same period, there were 12 newly invested foreign-invested enterprises in Yanbian with a total investment of $591 million, and the actual utilization of foreign capital was $15.47 million.