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Foshan enterprises invest more in “Belt and Road” countries

2017-May-18       Source: Newsgd.com

This time next month over 1,200 representatives, including the leaders of more than 20 countries and 50 international organizations, will gather in Beijing for the first Belt and Road Forum.

 

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“Since 2013 when President Xi Jinping first proposed the initiative, trade volume between China and economies along the trading routes amounted to $3 trillion, total investment reached $50 billion, and newly signed contracts exceeded $304.9 billion,” said Shen Danyang, Ministry of Commerce spokesman.

According to the statistics recently released by the Bureau of Commerce of Foshan city, the total export volume from Foshan to “Belt and Road” countries and areas jumped 13.6 percent to over RMB 107.6 billion in 2016.

Foshan’s investment to these countries and areas rose as well in 2016. For example, the city launched 12 new directly invested enterprises and the newly added investment reached USD 634 million, which accounted for 76% of the city’s total.

These statistics show Foshan has been changing its development mode into one that brings in world’s top technology, upgrades local manufacturing industry and serves the global markets.

 

(by Jasmine)

Editor: Jasmine

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