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In the first 11 months Foreign investment exceeded 100 billion USD

Discussion in 'China & Far East' started by hiseen, Dec 16, 2018.

  1. hiseen

    hiseen FULL MEMBER

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    Foreign investment in the first 11 months exceeded 100 billion US dollars

    2018 12/16 06:28
    China Economic Net


    Economic Daily News reporter Feng Qiyu learned from the Ministry of Commerce: From January to November this year, Chinese domestic investors conducted non-financial direct investment in 5,213 overseas enterprises in 157 countries and regions around the world, with an accumulated investment of 104.48 billion US dollars. It was basically the same as last year. Among them, from January to November, the foreign contracted projects created 823,000 jobs in the local area.

    Han Yong, Commercial Counselor of the Department of Foreign Investment and Economic Cooperation of the Ministry of Commerce, said that from January to November, China's foreign investment cooperation developed in a healthy and orderly manner.

    The investment cooperation between countries along the “Belt and Road” has been steadily advanced. From January to November, Chinese companies have increased investment in 56 countries along the “Belt and Road”, totaling US$12.96 billion, up 4.8% year-on-year.

    The structure of foreign investment continued to be optimized, and irrational investment was effectively curbed. From January to November, foreign investment mainly flowed to the rental and business services, manufacturing, wholesale and retail, and mining industries, accounting for 38.2%, 15.7%, 8.5%, and 8.2%, respectively. There are no new projects for foreign investment in the real estate, sports and entertainment industries.

    Cross-border mergers and acquisitions are carried out in an orderly manner, and foreign investment methods are constantly innovating. From January to November, Chinese enterprises have implemented 330 cross-border M&A projects in 52 countries and regions including Germany, Singapore and France, involving 18 major industries such as manufacturing and national economy. The actual transaction volume is 62.24 billion US dollars. .

    The construction of the cooperation zone has made positive progress and achieved mutual benefit and win-win results. As of November, China's enterprises have established 113 large-scale overseas economic and trade cooperation zones in 46 countries, with a total investment of 42.14 billion US dollars, 4,742 enterprises in the zone, and paid the host country's taxes and fees of 3.24 billion US dollars to create jobs for the local 30.2. Ten thousand.

    There are many new large-scale projects for foreign contracted projects, which will drive China's exports and the economic and social development of the host countries. From January to November, the number of newly contracted projects with foreign contracted projects above US$50 million increased by 47 compared with the same period of last year, and the total contract value accounted for 84.1% of the total new contracts. The foreign contracted project created 823,000 jobs for the local area.

    From January to November, the relevant competent authorities have filed or approved 7,924 foreign-invested enterprises, and the Chinese agreed investment amount is US$117.25 billion.
     
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  2. oprih

    oprih BANNED

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    China brings investments and development to its neighbor, friend and partner countries. Meanwhile america brings destruction and chaos with the help of their long, thick bombs that will be warmly receive by the open legs of slaves like vietnam and india. :coffee:
     
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