In 2009, Fuxin approved 25 foreign funded enterprises and 2 joint-venture projects. The total value of the contracted funds in these investments exceeded US$143 million. and the foreign direct investment for that year reached US$64.12 million, up 24% over the previous year. This sum exceeded the Liaoning provincial target for foreign investment by 17%. In addition, in 7 of the projects, contracted funds were in excess of ten million dollars.
Foreign Direct Investment has enabled the development of new key industries to replace mining. The key industries have made new breakthroughs in foreign direct investment. The Wind Power Industry, which accounted for more than 70% of the total amount of FDI in 2009, has become the main focus of the whole city’s FDI.[1]