Growth Style of Overseas Investment from Hangzhou is Transformed from Quantity t

[2008-12-23 16:55:42]

Under the guidance of Scientific Outlook on Development, Hangzhou has implemented the strategy of ??Going global?? in the foreign economic cooperation, to promote the effective, ordered and healthy development of overseas investment and renovate the method of investment and cooperation, and taken a delightful step in transforming the growth style from quantity to quality. Here are the main characters: 1 Fast growth and large scale of overseas investment. In the first ten months, 44 overseas investment projects were authorized with a total investment of US$ 132.005 million, in which US$ 115.455 million from Chinese party, increased by 137.7% and 138.4% respectively over the same period of the previous year. The average investment of overseas investment projects was US$ 3 million, increased by 72.9% over the same period of the previous year. 2 Growing percentage of non-trade overseas investment projects. In the first ten months, there were 19 non-trade overseas investment projects authorized, accounting for 43.2% of the total new overseas investment projects, 10 more projects than the same period of the previous year, increased by 15% over the same period of the previous year. The total non-trade overseas investment and the Chinese portion, either investment or investment in agreement, reached 70.4% and 66.2% respectively. 3 More overseas investment projects for software and resource development. In the first ten months, in addition to the traditional trades such as textile, chemical fiber, garment, machine, electronics, automobile parts, etc. there were more and more projects for software and mineral resource development, each accounting for some 25% of the total non-trade overseas investment while the Chinese portions of investment through agreement were 13.2% and 34.1% respectively. For example, Huaneng Holding Co., Ltd. invested in the lead zinc ore in Peru and Hengsheng Electronic Co., Ltd. established Hong Kong branch to develop software. Source: Hangzhou Municipal Foreign Trade and Economic Cooperation Bureau (All information published in this website is authentic in Chinese. English is provided for reference only. )

Source: 浙江省对外贸易经济合作厅

Keywords:Foreign Exchange

China's Foreign Trade to Be More Balanced (2012-05-16)
China's Biggest Foreign Takeover Done (2009-08-19)
China Relaxes Rules on Foreign Private Equity Investment for First Time (2009-06-12)
Construction Bank Fulfilled Exchange Inquiry Net Value Settlement (2009-06-04)
Circular of the SAFE on Adjusting the Approval Authority for Certain Foreign Exc (2009-06-01)
Notice of the State Administration of Foreign Exchange on the Examination and Ra (2009-06-01)
Further Delegate Approval Authority for Foreign Exchange Business, and Actively (2009-06-01)
Further Putting the Foreign Exchange Administration Regulations in Order, Promot (2009-06-01)
China to Further Improve Environment for Foreign Investment (2009-06-01)
Australia to Offer 40% R&D Tax Credit to Foreign Groups (2009-05-21)