BEIJING, Oct. 28 (Xinhua) - Southwest China's Yunnan Province, bordering Vietnam, Laos, and Myanmar, is a key link between China and Southeast Asia.
Serving as a vital part in the construction of Bangladesh-China-India-Myanmar economic corridor, Yunnan Province is opening its arms to embrace diverse cooperation with foreign investors.
-- Foreign investment in Yunnan in 2015
The growth of the actually-used foreign direct investment (FDI) in Yunan Province resumed a positive trend in 2015 after four years of consecutive decline since 2011. In 2015, actual use of FDI in Yunnan hit 2.99 billion US dollars, increasing 10.6 percent on a yearly basis.
The province signed 142 new overseas investment contracts in 2015, up 7.6 percent year on year, involving contracted foreign investment of 2.26 billion US dollars, up 108.7 percent on year.
-- Favorable environment and policies for foreign investment in Yunnan
Yunnan has made active efforts in creating sound environment for foreign investors and worked hard in seeking cooperation opportunities with foreign investors.
Apart from favorable policies offered to foreign investors in land use and taxation, Yunnan attached increasing importance to services provided for them in recent years, targeting to create convenient environment for foreign investment.
In 2015, Yunnan Province carried out guidance on implementation plan for accelerating development of service trade, which put up to promote service trade in capital- and technique-intensive industries, such as transportation, finance, communication, information and environmental protection, encourage cultural service exports and strengthen international exchange in traditional Chinese medicine, sports, and catering.
Meanwhile, Yunnan would optimize its service trade structure with focus on capital- and technique-intensive service trade and special service trade with high added value, strengthen cooperation and alliance with international service companies, introduce World Top 500 and large overseas companies to set up headquarters, R&D, purchasing, distribution, and logistic centers in Yunnan, and construct a bunch of service trade functional areas.
In order to gaining advanced experience, Yunnan and five other provinces and cities in China jointly developed a cooperation platform in April of 2016 to expand exchange between U.S. and Chinese provinces and cities in clean technology, life science, advanced manufacturing, agriculture and food processing, finance service, communication and media services.
-- Tips on investment in Yunnan
According to development plan of Yunnan Province for 2016-2020, the province will actively promote construction of infrastructure for interworking and interconnection with countries along the Belt and Road, enhance international capacity and equipment manufacturing cooperation with South and Southeast Asian countries, fully displaying as vital part in construction of Bangladesh-China-India-Myanmar economic corridor and China-IndoChina Peninsula economic corridor.
To participate in economic cooperation in China-ASEAN Free Trade Area and the Great Mekong Sub-region, Yunnan will launch a bunch of key capacity cooperation projects in electricity, equipment manufacturing, metallurgy, chemicals, building materials, light industry and logistics, and build overseas capacity cooperation bases
It also supports financial institutions from ASEAN, South Asian countries, HK, Macau and Taiwan to open solely-owned or joint venture branches in frontier areas of Yunnan.
Furthermore, Yunnan released a five-year plan for opening-up development of its frontier areas in 2016-2020 in July of 2016, covering Baoshan, Honghe, Wenshan, Pu'er, Xishuangbanna, Dehong, Nujiang, and Lincang.
The plan puts up to develop and expand cooperation in tourism and culture, modern logistics, processing and manufacturing, modern agriculture, e-commerce, and foreign trade. (Edited by Li Xiaohui, lixh@xinhua.org)
A single purchase
