NANJING — The actual use of foreign direct investment (FDI) from January to October in 2021 by East China's Jiangsu province came in at $23.4 billion, up 22.8 percent year-on-year, according to the provincial commerce department.

Jiangsu's FDI, in actual use, accounted for about 16.5 percent of China's total, ranking first among all provinces across the country in the first ten months.

Jiangsu has also seen optimized foreign investment structures. In the same period, the actual use of FDI in the province's manufacturing industry and services industry reported year-on-year growth of 2.1 percent and 34.6 percent, respectively.

Meanwhile, the actualized FDI from Singapore and countries and regions along the Belt and Road surged by 66.4 percent and 58 percent year-on-year.

In the first ten months of 2021, the number of newly-established foreign-invested projects in the province increased by 27.5 percent over the same period last year, while the year-on-year growth rate of projects with a total investment of more than $100 million reached 9.8 percent.