The report of the 19th National Congress of the Communist Party of China proposed that we should stick to the new development philosophy, actively participate in and promote the process of economic globalization, develop a higher-level open economy, and push forward the formation of a new pattern for opening up on all fronts. Since the reform and opening up, the utilization of foreign capital has always been a distinctive feature and prominent advantage of Jiangsu Province. Its main indicators have remained at the forefront of the country for many years, which has played a crucial role in supporting the economic development of Jiangsu Province. In recent years, affected by the complex situation domestically and internationally, Jiangsu's utilization of foreign capital is in a new stage of transformation, upgrading and climbing over the threshold. The growth rate of the total scale shows a downward trend, and it is in a catch-up situation with Guangdong Province again.
