CHANGSHA, Sept. 29 (Xinhua) - Central China's Hunan province is growing into a new attraction for foreign investment with the implementing of the Belt and Road initiative and the construction of the Yangtze River Economic Belt.
In the first eight months of 2016, the actual use of foreign investment in Hunan hiked 10.7 percent on year to 8.54 billion yuan, sending the number of World Top 500 thathave set up business in the province up to 145, according to He Baoqing, deputy provincial governor of Hunan.
The southern part of Hunan, which borders China's traditional economic locomotive Guangdong province, shows especially strong vitality in attracting foreign investors. The area also serves as a window for the land-locked province to open up to the south and further to the Guangdong-Hong Kong-Macau economy.
For years, Hunan provincial government has been attaching great significance to the strategy of opening south Hunan with a bunch of supporting measures. In 2011, southHunan was approved to be a national demonstrative area to undertake industrial transfer, which later resulted in a rush of platform construction and investment environmentoptimization in this area.
In 2015, the three cities in south Hunan, namely Chenzhou, Hengyang and Yongzhou, realized a combined actual use of foreign investment of 3.22 billion US dollars, a third of the provincial total. Their import and export volume of foreign trade and processing trade respectively stood at 6.84 billion US dollars and 4.46 billion US dollars, accounting for a quarter and a half of the provincial total respectively. (Edited by Li Xiaohui, Chen Wenguang, lixh@xinhua.org)
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