China's new development, world's new opportunities
9 months, 1 week ago

China's new development, world's new opportunities

China Daily  

A worker assembles a component at Sany's lighthouse factory in Bekasi, Indonesia, in August 2023. China's overseas investment and cooperation in steady development In 2023, the outbound direct investment by the whole industries of China reached 1.04 trillion yuan, an increase of 5.7 percent over the previous year, of which the non-financial direct investment reached 916.99 billion yuan, an increase of 16.7 percent year-on-year. Non-financial direct investment by Chinese enterprises in countries involved in the Belt and Road Initiative was 224.09 billion yuan, up 28.4 percent year-on-year. In 2023, the turnover of contracted overseas projects by Chinese enterprises was recorded at 1.13 trillion yuan, up 8.8 percent year-on-year, and the value of newly signed contracts was 1.86 trillion yuan, up 9.5 percent from a year earlier. The turnover of contracted projects by Chinese enterprises in countries involved in the Belt and Road Initiative reached 930.52 billion yuan, up 9.8 percent on a yearly basis, and the newly signed contracts reached 1.60 trillion yuan, up 10.7 percent year-on-year.

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History of this topic

Trade, opening-up surging over years
2 months, 3 weeks ago

Trade, opening-up surging over years

China Daily  

In the early stages, foreign companies sent their managers, sales experts and engineers, along with product samples, to cities like Shanghai, Beijing and Guangzhou, Guangdong province to establish representative offices and test the viability of the Chinese market — particularly during the 1980s. With products manufactured in China being supplied to both domestic and international markets, foreign enterprises like France's …

Trade, opening-up surging over years
2 months, 3 weeks ago

Trade, opening-up surging over years

China Daily  

In the early stages, foreign companies sent their managers, sales experts and engineers, along with product samples, to cities like Shanghai, Beijing and Guangzhou, Guangdong province to establish representative offices and test the viability of the Chinese market — particularly during the 1980s. With products manufactured in China being supplied to both domestic and international markets, foreign enterprises like France's …

Qingdao attracts Fortune Global 500 enterprises
2 months, 4 weeks ago

Qingdao attracts Fortune Global 500 enterprises

China Daily  

chinadaily.com.cn | Updated: September 25, 2024 Qingdao WCNA is at the forefront of serving national strategies, with a particular focus on marine development. A signing ceremony for 36 key projects, with a total investment of 33.2 billion yuan, was held in the Qingdao Area of the China Pilot Free Trade Zone, or Qingdao FTZ, on Sept 23. These projects, covering …

Chinese builder scores big in overseas infrastructure
6 months, 2 weeks ago

Chinese builder scores big in overseas infrastructure

China Daily  

Local and Chinese employees of China Railway 20th Bureau Group Corp work on a section of the rehabilitation project of Kaphatenga-Benga Road in Malawi in early May. In early May, at the construction site of the Kaphatenga-Benga Road rehabilitation project in Malawi, a prefabricated portal culvert section measuring 3.6 meters in length and 3 meters in height was accurately lifted …

Shanghai sees 21 new projects underway from investment
8 months, 3 weeks ago

Shanghai sees 21 new projects underway from investment

China Daily  

High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. Shanghai's appeal to companies from home and abroad remains unchanged, which can be proven by the 21 new projects incurring 52.4 billion yuan of investment landed in the city on Friday. The new projects, covering key industries such as biomedicine, new energy, general aviation and semiconductors, were …

China's new development, world's new opportunities
9 months, 1 week ago

China's new development, world's new opportunities

China Daily  

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. Foreign investment in China at a high level With a population of over 1.4 billion and a middle-income group of over 400 million, China is a large market with the most potential in …

China's new development, world's new opportunities
9 months, 1 week ago

China's new development, world's new opportunities

China Daily  

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. Foreign investment in China at a high level With a population of over 1.4 billion and a middle-income group of over 400 million, China is a large market with the most potential in …

China's new development, world's new opportunities
9 months, 1 week ago

China's new development, world's new opportunities

China Daily  

The freight train carrying the first batch of solar modules for China Energy Engineering Corp's 1-gigawatt projects in Uzbekistan, departs from Xi'an, Shaanxi province, on Aug 3, 2023. Over the past decade, the Belt and Road Initiative had become an important international public good, opening up a development path leading to common prosperity for all partner countries. In 2023, the …

China's new development, world's new opportunities
9 months, 1 week ago

China's new development, world's new opportunities

China Daily  

A worker assembles a component at Sany's lighthouse factory in Bekasi, Indonesia, in August 2023. China's overseas investment and cooperation in steady development In 2023, the outbound direct investment by the whole industries of China reached 1.04 trillion yuan, an increase of 5.7 percent over the previous year, of which the non-financial direct investment reached 916.99 billion yuan, an increase …

China's new development, world's new opportunities
9 months, 1 week ago

China's new development, world's new opportunities

China Daily  

The freight train carrying the first batch of solar modules for China Energy Engineering Corp's 1-gigawatt projects in Uzbekistan, departs from Xi'an, Shaanxi province, on Aug 3, 2023. Over the past decade, the Belt and Road Initiative had become an important international public good, opening up a development path leading to common prosperity for all partner countries. In 2023, the …

Foreign firms still keen to ramp up investment
10 months, 2 weeks ago

Foreign firms still keen to ramp up investment

China Daily  

Multinational corporations will continue to ramp up investment in China this year as the country's immense consumption potential and innovation capabilities have bolstered their confidence, market observers and business leaders said on Jan 30. Zhang Wei, vice-president of the Beijing-based Chinese Academy of International Trade and Economic Cooperation, said that foreign investors are increasingly valuing China's modern industrial infrastructure, innovative …

Foreign firms still keen to ramp up investment
10 months, 3 weeks ago

Foreign firms still keen to ramp up investment

China Daily  

Multinational corporations will continue to ramp up investment in China this year as the country's immense consumption potential and innovation capabilities have bolstered their confidence, market observers and business leaders said on Tuesday. Zhang Wei, vice-president of the Beijing-based Chinese Academy of International Trade and Economic Cooperation, said that foreign investors are increasingly valuing China's modern industrial infrastructure, innovative ecosystem …

Foreign firms still keen to ramp up investment
10 months, 3 weeks ago

Foreign firms still keen to ramp up investment

China Daily  

Multinational corporations will continue to ramp up investment in China this year as the country's immense consumption potential and innovation capabilities have bolstered their confidence, market observers and business leaders said on Tuesday. Zhang Wei, vice-president of the Beijing-based Chinese Academy of International Trade and Economic Cooperation, said that foreign investors are increasingly valuing China's modern industrial infrastructure, innovative ecosystem …

Foreign firms still keen to ramp up investment
10 months, 3 weeks ago

Foreign firms still keen to ramp up investment

China Daily  

A view of Shanghai's Pudong New Area. Multinational corporations will continue to ramp up investment in China this year as the country's immense consumption potential and innovation capabilities have bolstered their confidence, market observers and business leaders said on Tuesday. Zhang Wei, vice-president of the Beijing-based Chinese Academy of International Trade and Economic Cooperation, said that foreign investors are increasingly …

【双语财讯】2023年外贸“成绩单”出炉：货物贸易进出口同比增长0.2%
11 months, 1 week ago

【双语财讯】2023年外贸“成绩单”出炉：货物贸易进出口同比增长0.2%

China Daily  

1月12日，海关总署相关负责人在新闻发布会上介绍，2023年我国货物贸易进出口总值41.76万亿元，同比增长0.2%，好于预期，实现了促稳提质目标。 A view of the Yangshan Port in Shanghai. China's annual foreign trade posted better-than-anticipated performance and registered 41.76 trillion yuan in 2023, up 0.2 percent year-on-year, the General Administration of Customs said on Friday. 王令浚指出，我国已经培育出了多样化的出口动能。据介绍，2023年我国出口机电产品13.92万亿元，增长2.9%，占出口总值的58.6%。 Moreover, exports of the "new three", namely electric vehicles for transport of persons, lithium-ion batteries and solar cells, amounted to 1.06 trillion yuan in …

Shandong Changyi: Accelerated project construction key to high-quality development
11 months, 4 weeks ago

Shandong Changyi: Accelerated project construction key to high-quality development

China Daily  

The factory of Yaxing Chemical in Changyi, a county-level city in Weifang, Shandong province. As major projects usually serve as a robust force and engine for improving regional economic development as well as public services, Changyi has embraced major project construction to underpin its steady economic development and provide robust momentum and support for promoting high-quality development. All the 37 …

China's foreign trade up 0.03% through to October
1 year, 1 month ago

China's foreign trade up 0.03% through to October

China Daily  

A US cargo ship docks at the Qingdao Port, Shandong province. China's total goods imports and exports edged up 0.03 percent year-on-year in the first ten months of this year to 34.32 trillion yuan, customs data showed on Tuesday. Exports increased 0.4 percent year-on-year during the January-October period to 19.55 trillion yuan while imports dipped 0.5 percent year-on-year to 14.77 …

Shandong retains strong appeal for investment
1 year, 1 month ago

Shandong retains strong appeal for investment

China Daily  

A worker processes equipment parts at a high-tech company in Rizhao, Shandong province. From January to September this year, the actual utilization of foreign investment in Shandong province reached 102.21 billion yuan, the fifth largest in the country, officials from the Shandong Provincial Department of Commerce announced at a news conference on Oct 30. During this period, the actual utilization …

Shandong retains strong appeal for investment
1 year, 1 month ago

Shandong retains strong appeal for investment

China Daily  

A worker processes equipment parts at a high-tech company in Rizhao, Shandong province. From January to September this year, the actual utilization of foreign investment in Shandong province reached 102.21 billion yuan, the fifth largest in the country, officials from the Shandong Provincial Department of Commerce announced at a news conference on Oct 30. During this period, the actual utilization …

Country largest trade partner of 25 BRI economies
1 year, 1 month ago

Country largest trade partner of 25 BRI economies

China Daily  

Visitors exchange views on smart city solutions during the second conference of the Global Economic Development and Security Forum of the Boao Forum for Asia in Changsha, Hunan province, on Sunday. China has become the largest trade partner of 25 economies involved in the Belt and Road Initiative, a report said. The import and export value between China and other …

Chinese investment in Africa hits $1.8b in 1st half of 2023
1 year, 1 month ago

Chinese investment in Africa hits $1.8b in 1st half of 2023

China Daily  

A train is seen during a trial running of light rail transit system, which was jointly built by Chinese and Egyptian companies, in east of Cairo, Egypt, July 3, 2022. China has seen robust investment growth in Africa over the years and is ready to continue to work with the continent to further advance bilateral cooperation in investment, said a …

How China's Belt and Road Initiative is changing after a decade of big projects and big debts
1 year, 2 months ago

How China's Belt and Road Initiative is changing after a decade of big projects and big debts

The Hindu  

China's Belt and Road Initiative looks to become smaller and greener after a decade of big projects that boosted trade but left big debts and raised environmental concerns. Called “One Belt, One Road” in Chinese, the Belt and Road Initiative started as a program for Chinese companies to build transportation, energy and other infrastructure overseas funded by Chinese development bank …

Belt and Road Initiative | Silk Roads at a crossroads
1 year, 2 months ago

Belt and Road Initiative | Silk Roads at a crossroads

The Hindu  

On October 17, Chinese President Xi Jinping will host more than a dozen world leaders in Beijing, including Russian President Vladimir Putin, for the third Belt and Road Forum, which will mark the 10 year anniversary of the Belt and Road Initiative. zero tolerance for corruption, and promotes steady and high-quality growth.” The BRI was launched by Mr. Xi in …

Ten years of Belt and Road shows secret behind initiative's success
1 year, 2 months ago

Ten years of Belt and Road shows secret behind initiative's success

China Daily  

Containers are loaded onto a cargo vessel in Qinzhou Port, Guangxi Zhuang autonomous region, a transit point on the New International Land-Sea Trade Corridor. This year marks the 10th anniversary of the Belt and Road Initiative, and over the past 10 years the initiative has not only laid a solid foundation for win-win cooperation among Belt and Road countries and …

Hechi to start 27 autonomous-region-level key manufacturing projects
1 year, 9 months ago

Hechi to start 27 autonomous-region-level key manufacturing projects

China Daily  

According to the Commission for Industry and Information Technology of Guangxi Zhuang Autonomous Region, Guangxi will advance the construction of manufacturing projects this year. It contains the first batch of key manufacturing projects for 2023, and includes 686 projects with a total investment of 1,197.7 billion yuan, a fixed investment of 843.5 billion yuan, and a planned investment of 940.58 …

Hechi to start 27 autonomous-region-level key manufacturing projects
1 year, 9 months ago

Hechi to start 27 autonomous-region-level key manufacturing projects

China Daily  

According to the Commission for Industry and Information Technology of Guangxi Zhuang Autonomous Region, Guangxi will advance the construction of manufacturing projects this year. It contains the first batch of key manufacturing projects for 2023, and includes 686 projects with a total investment of 1,197.7 billion yuan, a fixed investment of 843.5 billion yuan, and a planned investment of 940.58 …

Shandong accelerates construction of major projects
1 year, 10 months ago

Shandong accelerates construction of major projects

China Daily  

Shandong will ramp up efforts in the construction of major projects and new infrastructure as part of its overall drive to foster long-term, sustained, innovation-driven and high-quality development in 2023, according to local authorities. Recently the Shandong Provincial People's Government issued a list of major provincial-level key projects in 2023, which consisted of 602 ones, and they involve a total …

Explained | What is the status of China’s Belt and Road Initiative in South Asia?
2 years, 5 months ago

Explained | What is the status of China’s Belt and Road Initiative in South Asia?

The Hindu  

The story so far: At the recently concluded summit of G7 leaders in Germany, United States President Joe Biden and his allies unveiled their $600-billion plan called the Partnership for Global Infrastructure and Investment to build infrastructure projects in developing and middle-income countries. The progress of BRI in South Asia Pakistan On his 2015 visit to Pakistan, Mr. Jinping and …

Explained | The G7’s $600 billion plan to counter China’s Belt and Road Initiative
2 years, 5 months ago

Explained | The G7’s $600 billion plan to counter China’s Belt and Road Initiative

The Hindu  

The story so far: On June 26, U.S. President Joe Biden along with his G7 allies unveiled the ambitious Partnership for Global Infrastructure and Investment, announcing the collective mobilisation of $600 billion by 2027 to deliver “game-changing” and “transparent” infrastructure projects to developing and middle-income countries. The PGII is being seen as the G7’s counter to China’s multi-trillion dollar Belt …

Qingdao reports trade growth with BRI countries in Q1
2 years, 7 months ago

Qingdao reports trade growth with BRI countries in Q1

China Daily  

A US cargo ship docks at the Qingdao Port, Shandong province. The eastern coastal city of Qingdao, Shandong province reported a 9.4-percent year-on-year growth in trade with countries and regions involved in the Belt and Road Initiative, hitting 59.7 billion yuan in the first quarter of 2022, according to official statistics. Qingdao has built an efficient logistics system integrating ocean …

30 projects to enhance China-Singapore connectivity
2 years, 8 months ago

30 projects to enhance China-Singapore connectivity

China Daily  

30 projects to enhance China-Singapore connectivity Updated: 2022-04-12 english.liangjiang.gov.cn The seventh meeting of the Joint Implementation Committee of the China-Singapore Demonstration Initiative on Strategic Connectivity was held on April 11, with 30 new projects signed in the fields of information and communication, transportation and logistics, finance, and talent training. Under the framework of the China-Singapore Connectivity Initiative, the two sides …

Tianjin’s Binhai New Area inks 82 key projects worth 58 billion yuan
2 years, 8 months ago

Tianjin’s Binhai New Area inks 82 key projects worth 58 billion yuan

China Daily  

The Binhai New Area in North China's Tianjin held an online investment promotion and contract signing ceremony on April 9. Sunpower New Energy Company will invest 2.5 billion yuan to promote the utilization of liquefied natural gas in Nangang Industrial Park. The firm will set up a wholly-owned subsidiary in Binhai and invest one billion yuan to build a research …

Tianjin’s Binhai New Area inks 82 key projects worth 58 billion yuan
2 years, 8 months ago

Tianjin’s Binhai New Area inks 82 key projects worth 58 billion yuan

China Daily  

The Binhai New Area in North China's Tianjin held an online investment promotion and contract signing ceremony on April 9. Sunpower New Energy Company will invest 2.5 billion yuan to promote the utilization of liquefied natural gas in Nangang Industrial Park. The firm will set up a wholly-owned subsidiary in Binhai and invest one billion yuan to build a research …

Shandong sees foreign trade climb 14.5% in Jan-Feb
2 years, 9 months ago

Shandong sees foreign trade climb 14.5% in Jan-Feb

China Daily  

Container ships dock in Qingdao Port, Shandong province, on Jan 24, 2022. East China's Shandong province saw its foreign trade grow 14.5 percent year-on-year to a total of 447.55 billion yuan in the first two months of 2022, according to data from local customs authorities. The import and export value of processing trade totaled 66.7 billion yuan, down 3.2 percent, …

Shanghai's new foreign capital record an 'upbeat sign'
2 years, 11 months ago

Shanghai's new foreign capital record an 'upbeat sign'

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. Shanghai used a record $22.55 billion of foreign capital last year, up 11.5 percent year-on-year, Gong Zheng, the city's mayor, told a news conference after the municipal people's congress meeting on Sunday. "Foreign capital is a very important guarantee of the high-quality development of Shanghai, and …

Beihai, Qinzhou and Fangchenggang integration speeds up
3 years, 1 month ago

Beihai, Qinzhou and Fangchenggang integration speeds up

China Daily  

Construction of major projects for the integrated development of Beihai, Qinzhou and Fangchenggang has gained great momentum, local media outlets reported on Nov 15. A total planned investment of 16.4 billion yuan for 60 major projects in seven fields will be completed in 2021. The Beibu Gulf Port has completed an investment of 8.2 billion yuan for 50 major port …

China’s Ambitious BRI Faces the Pandemic Challenge
3 years, 3 months ago

China’s Ambitious BRI Faces the Pandemic Challenge

News 18  

The China Way The COVID-19 pandemic is undoubtedly hurting the global economy in a multitude of ways. Countries that had not signed MoUs with China within the BRI framework, witnessed an approximate 70 per cent drop in Chinese investments. On the Asian front, where 70 per cent control of Sri Lanka’s Hambantota port was leased to a Chinese state-owned firm …

Djibouti autonomy at risk due to China's investment strategy: Report
3 years, 8 months ago

Djibouti autonomy at risk due to China's investment strategy: Report

Hindustan Times  

The relationship between Djibouti and China is a case study on how Beijing is using its global infrastructure investment strategy, the Belt and Road Initiative, to aggrandise its economic influence and strengthen its position as the top investor in Africa. The reason Beijing has invested so much in Djibouti is because it "gives China an African component in its large …

Jinan foreign trade sees rapid growth from Jan-Feb
3 years, 9 months ago

Jinan foreign trade sees rapid growth from Jan-Feb

China Daily  

Foreign trade in Jinan, capital of East China's Shandong province, saw rapid growth in the first two months of this year. Foreign trade in January increased 38.3 percent year-on-year to 22.61 billion yuan, while the figure rose 54.4 percent year-on-year to 10.01 billion yuan in February. In the first two months, general trade imports and exports reached 20.82 billion yuan, …

Shandong sees growth in Belt and Road trade
3 years, 11 months ago

Shandong sees growth in Belt and Road trade

China Daily  

Containers are transported at a port in Qingdao, East China's Shandong province, on Jan 12, 2021. Shandong's trade volume with countries and regions involved in the Belt and Road Initiative reached 660.82 billion yuan in 2020, up 9.1 percent year on year and accounting for 30 percent of Shandong's total foreign trade, according to official statistics. Over this period, Shandong's …

Foreigners encouraged to invest in more industries
3 years, 11 months ago

Foreigners encouraged to invest in more industries

China Daily  

By HE WEI in Shanghai and OUYANG SHIJIA in BeijingChina DailyUpdated: January 4, 2021 China is enlarging the scope of investment by foreigners with a revised catalog of industries in which such investment is encouraged, a fresh sign of opening-up and high-quality development resolve. The National Development and Reform Commission and the Ministry of Commerce on Monday released a revised …

Foreigners encouraged to invest in more industries
3 years, 11 months ago

Foreigners encouraged to invest in more industries

China Daily  

By HE WEI in Shanghai and OUYANG SHIJIA in Beijing| China Daily| Updated :2021-01-04 China is enlarging the scope of investment by foreigners with a revised catalog of industries in which such investment is encouraged, a fresh sign of opening-up and high-quality development resolve. The National Development and Reform Commission and the Ministry of Commerce on Monday released a revised …

Quzhou launches promotion drive to attract investment
4 years, 2 months ago

Quzhou launches promotion drive to attract investment

China Daily  

chinadaily.com.cn| Updated :2020-10-16 The signing ceremony for a major investment attraction project is held in Quzhou on Oct 15. They said the municipal government of the city's Qujiang district signed off on the construction of a 200,000 ton per year aluminum alloy ingot plant and a separate 200,000 ton aluminum alloy parts plant with Quzhou Yongchuang Aluminum Industry Co Ltd …

Xiamen continues on strong path, despite virus outbreak
4 years, 3 months ago

Xiamen continues on strong path, despite virus outbreak

China Daily  

By Yuan Shenggao | China Daily | Updated: 2020-08-31 Coastal city in Fujian province has seen quick economic and social recovery Xiamen in Fujian province has maintained a fast-paced recovery of its economic and social development thanks to the city's key measures to prevent and control the COVID-19 epidemic over the past months. The resumption rate of projects under construction …

Hechi starts construction on 25 projects worth $1.26b
4 years, 5 months ago

Hechi starts construction on 25 projects worth $1.26b

China Daily  

Since the beginning of this year, 25 projects by enterprises of the Guangdong-Hong Kong-Macao Greater Bay Area, central enterprises, private enterprises, and foreign enterprises in Hechi have started construction, with a total investment of 8.83 billion yuan. To date, the number and investment of Fortune Global 500 enterprises, Top 500 Chinese enterprises, and Top 500 Chinese private sector companies from …

Hechi starts construction on 25 projects worth $1.26b
4 years, 5 months ago

Hechi starts construction on 25 projects worth $1.26b

China Daily  

Since the beginning of this year, 25 projects by enterprises of the Guangdong-Hong Kong-Macao Greater Bay Area, central enterprises, private enterprises, and foreign enterprises in Hechi have started construction, with a total investment of 8.83 billion yuan. To date, the number and investment of Fortune Global 500 enterprises, Top 500 Chinese enterprises, and Top 500 Chinese private sector companies from …

Hechi starts construction on 25 projects worth $1.26b
4 years, 5 months ago

Hechi starts construction on 25 projects worth $1.26b

China Daily  

Since the beginning of this year, 25 projects by enterprises of the Guangdong-Hong Kong-Macao Greater Bay Area, central enterprises, private enterprises, and foreign enterprises in Hechi have started construction, with a total investment of 8.83 billion yuan. To date, the number and investment of Fortune Global 500 enterprises, Top 500 Chinese enterprises, and Top 500 Chinese private sector companies from …

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