Photo: Vientiane Saysettha Development Zone
BEIJING, Nov. 30 (Xinhua) -- Southwest China's Yunnan Province is pushing forward construction of ten overseas economic and trade cooperation zones in the near and medium term, in an effort to promote domestic enterprises to go global, according to Zhao Ruijun, director of Department of Commerce of Yunnan.
The ten overseas economic and trade cooperation zones engaging in processing and manufacturing, trade logistics, agricultural and cultural industries, are mainly located in the countries of the Greater Mekong Sub-region (GMS).
Among them, Vientiane Saysettha Development Zone has been identified as the national-level overseas economic and trade cooperation zone by China, with 49 enterprises now settling in the zone. The Boten Special Economic Zone has made breakthroughs in attracting investment with 144 enterprises having signed contracts to enter the zone.
By the end of 2017, the province had established 728 non-financial outbound investment enterprises, with a cumulative actual outbound investment of more than 9.2 billion US dollars.
To be specific, 543 outbound investment enterprises invested 5.98 billion U.S. dollars in the countries along the Belt and Road routes, accounting for about 65 percent of Yunnan's total outbound investment, said Zhao, adding that 68.75 percent of the province's outbound investment went to the fields of electric energy and water production and supply, mining, business services and agriculture. (Edited by Hu Pingchao, hupingchao@xinhua.org)
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