BEIJING, Feb. 11 (Xinhua)--Xinhua Silk Road, China’s state information service platform focusing on the Belt and Road Initiative under Xinhua News Agency launches Guangdong’s business environment report on Sunday.
The report, named Guangdong’s Business Environment & Assessment Report (2017), shows that Guangdong Province is promoting a new round of high-level opening-up, creating a more legalized, internationalized and convenient business environment, further relaxing restrictions on foreign capital access to services, manufacturing and other sectors, and supporting the overseas talents to start business in Guangdong.
Guangdong has built more than 80 industrial parks to undertake the foreign investment in advanced manufacturing, modern service and marine economy, which are the province’s main industries for attracting foreign investment. Foreign investment is playing a strengthened role of driving the development of Guangdong’s real economy.
According to data released by the provincial department of commerce, the amount of foreign direct investment flowing into the province reached 19.48 billion U.S. dollars in the first 11 months of 2017, accounting for 16.2 percent of total FDI in the mainland of China and recording a year-on-year increase of 6.6 percent. Its secondary industry absorbed 7.09 billion U.S. dollars of FDI, posting an increase of 15.2 percent year on year.
Among them, the manufacturing, computer electronic communication equipment, electric machinery and equipment, petroleum processing and manufacturing witnessed a respective rise of 9.3 percent, 30 percent, 78 percent and 280 percent in the inflow of FDI, which made a combined contribution of 6.5 percentage points to the province’s FDI growth.
The report is a part of a series of reports conducted by Xinhua Silk Road on the business environment of 31 provinces, municipalities and autonomous regions on Chinese mainland. Backed up by economic information database of Xinhua News Agency and information collection network throughout the country, the reports provide more than 50 indicators in 12 aspects and follow the changes in the areas of politics, economics, society and investment policies. The reports also provide investment advises and risk valuation, which are conducted by economic analysts, to overseas investors.
The reports will be updated and released annually, and they will serve the Belt and Road Initiative, follow the changes of business environment, provide information and opportunities to overseas investors and help all provinces and regions of China to introduce quality foreign investment.
In the future, Xinhua Silk Road will release more domestic and overseas business environment information and analysis reports, provide relevant database service. It will also regularly release Belt and Road Weekly, focusing on the latest development of the Belt and Road Initiative and showing the achievements and opportunities to the international community.
The Xinhua Silk Road was officially launched in July 2015. The platform currently provides products and services covering a Chinese-English bilingual database, a Chinese-English bilingual web portal, research, consulting and think-tank services. It also offers companies and institutions one-stop services in due diligence, trade matchmaking, branding, and credit investigation.
For the full report, please contact +86-10-63077787, silkroadweekly@xinhua.org. (Contributed by Tong Wei, Edited by Zhang Aifang)
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