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
Economy

South China's Guangdong makes inroads into Belt and Road countries 2016

January 20, 2017


Abstract : Companies from south China's Guangdong province significantly increased investment into countries and regions along the Belt and Road in 2016.

GUANGZHOU, Jan. 19 (Xinhua) -- Companies from south China's Guangdong province significantly increased investment into countries and regions along the Belt and Road in 2016.

In 2016, Guangdong-based firms invested more than 4 billion U.S. dollars in the countries and regions along the Belt and Road, up 65.3 percent from the previous year, Ma Xingrui, acting governor of the province said in a government work report on Thursday.

Data from the provincial commerce department shows that Guangdong firms invested 1.72 billion U.S. dollars in countries along the Belt and Road in 2014, and the investment saw a year-on-year increase of 44.7 percent in 2015.

Guangdong provincial government established a "Silk Road Fund" in January 2016, which offers financial support to industrial parks, major infrastructure, agriculture and fisheries in some Belt and Road countries.

Ma said the province will promote infrastructure interconnectivity with Belt and Road countries in 2017, and open more international passenger and cargo air routes.

The Belt and Road Initiative, proposed by China in 2013, refers to the building of the Silk Road Economic Belt and the 21st Century Maritime Silk Road. It is aimed at building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes.

Scan the QR code and push it to your mobile phone

Keyword: Belt-and-Road China-Guangdong

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