Geopolitics
Investment in Shanghai along the Belt and Road increased by 61.1% year-on-year
Seetao 2020-11-17 16:10
  • Overcoming many difficulties, Shanghai continued to deepen economic and trade cooperation with the "Belt and Road".
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On the afternoon of November 16, 2020, the Shanghai Municipal Commission of Commerce and the Municipal Council for the Promotion of International Trade held a "One Belt One Road" Global Enterprise Forum with the theme of "New Challenges, New Opportunities, and New Developments" to study and deploy the "One Belt and One Road" in Shanghai under the background of the normalization of the epidemic. "All the way" go out to work, exchange experience in epidemic prevention, and promote investment cooperation.

In the first three quarters, the city's import and export with countries and regions along the route was 553.42 billion yuan, a year-on-year increase of 0.8%; the actual foreign investment (including capital increase) in Shanghai along the route was US$1.818 billion, a year-on-year increase of 61.1%; the amount of non-financial direct investment from China was 1.339 billion US dollars, a year-on-year increase of 43%; completed foreign contracted projects turnover of 5.495 billion US dollars, an increase of 60.02%.

At the meeting, a ceremonies for the signing of contracts and project launches for going global enterprises were held. Philippine Infrastructure Development Holdings Co., Ltd. invested and established by Shanghai Mintu and Shanghai Electric Group Automation Engineering Company, Huajian Group and Urban Construction Design Institute, Municipal Overseas Rescue Service Center and Beijing Anku Venture Information Technology Service Co., Ltd., Siosi International Travel Assistance Service (Beijing) Co., Ltd. signed overseas project cooperation agreements and overseas security cooperation agreements. Shanghai Business School and Huajian Group, Asia-Pacific Training Center and Huace Navigation, National Accounting Institute and UnionPay International respectively signed foreign assistance training cooperation agreements. . This is a powerful measure for Shanghai enterprises to cope with the impact of the epidemic, complement each other's advantages, go to the sea in a group, and jointly expand the markets along the "Belt and Road".

Lingang Group released the Belgian Zeebrugge Port Modern Industrial Park project, which promotes trade exchanges with air routes, and promotes the docking of industrial resources with the construction of regional centers, which will greatly enhance the city's international logistics industry's global resource allocation capabilities. Editor/Xu Shengpeng


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