Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Investment

China's FTZs hold cloud promotion activities to attract foreign capital

May 15, 2020


Abstract : China's pilot free trade zones (FTZs) in Yunnan, Hebei and Henan provinces among others have recently carried out cloud investment promotion activities to attract foreign capital, reported Shanghai Securities News Friday.

BEIJING, May 15 (Xinhua) -- China's pilot free trade zones (FTZs) in Yunnan, Hebei and Henan provinces among others have recently carried out cloud investment promotion activities to attract foreign capital, reported Shanghai Securities News Friday.

By using network connection and live-broadcasting platforms such as Douyin and vzan, these FTZs promoted their key projects and introduced preferential policies to entrepreneurs around the globe.

As a new highland for reform and opening up, the pilot free trade zone also plays an important role in stabilizing basic foreign trade and foreign capital, said Yuan Yuan, deputy director-general of the Department of Pilot Free Trade Zone and Free Trade Port of the Ministry of Commerce (MOC), at a press conference held recently.

It's learned that although affected by the COVID-19 outbreak, China hasn't stopped opening up and attracting foreign investment.

Data showed that in April this year, China's actual use of foreign capital hit 70.36 billion yuan, up 11.8 percent year on year.

The epidemic has changed the major foreign capital sources of China. In the first four months this year, the foreign capital from the European Union fell by 29.1 percent on year, while that from ASEAN jumped by 13 percent on year.

During this period, foreign capital used by the information service sector, the e-commerce sector and the professional technical service sector increased respectively by 46.9 percent, 73.8 percent and 99.6 percent year on year.

The FTZs should fully exert their pioneering advantages of institutional innovation to create a more open and transparent business environment for foreign investors, highlighted Cui Weijie, head of the industrial internationalization strategy research institute with the Chinese Academy of International Trade and Economic Cooperation, a research and advisory body under MOC. (Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)

Scan the QR code and push it to your mobile phone

Keyword: foreign capital China FTZs

Reading:

China to boost industrial big data dev., MIIT

China's new insurance policies in Q1 mount up to 10.9 bln

Objective China, the businesses based in the Emilia-Romagna Region to accelerate

Thailand to speed up construction of smart cities to adapt to new normal

China-constructed wind power project in Ecuador starts contract execution

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial