Northwest China's Ningxia Hui Autonomous Region has constantly enhanced its service quality and level to attract foreign investment in recent years.
It has simplified the approval process to reduce enterprise registration costs and enhance the efficiency. Yinchuan, capital city of the region, built an online service hall in 2015 and saw 177 approval items handled online, which greatly enhanced the approval efficiency and created a good environment for foreign investment.
Given the lack of aggregation effect, Ningxia plans to attract leading foreign companies in the next step.
In recent years, Ningxia has attracted more and more foreign investments from countries and regions along the "Belt and Road".
From the perspective of investment source, Hong Kong remains an important source of foreign investment for Ningxia. In addition, Malaysia, Egypt, Israel, Yemen and Jordan have also invested in Ningxia.
Ningxia also sees an improvement in the foreign investment structure. In 2015, it approved 19 foreign-invested service projects, with the foreign-invested service contract value up 17 percent year on year.
Besides, more foreign investments also go to fields including modern agriculture, high-tech, advanced manufacturing and service.
Data shows that by the end of 12th Five-Year Plan period (2011-2015), Ningxia had seen the foreign investment in actual use amount to 842 million U.S. dollars, up 180 percent from that in the period from 2006-2010. (by Yu Yao)
A single purchase
