BEIJING, May 28 (Xinhua) – Xinhua Silk Road, a Belt & Road-centered state information service platform under Xinhua News Agency, released business environment assessment reports of Fujian, Inner Mongolia and Hubei (English version) Monday.
Written in accordance with universal assessing gauges, the three reports provide industrial and financing environment analysis, investment factor costs briefing, foreign investment attraction policy interpretation, and investment advices and risk appraisal as well to help overseas readers better understand the business environment in the three places.
According to Fujian Business Environment & Assessment Report (2017), the southeast China-located Fujian province has been an opening-up frontier, in particular for opening up to Taiwan, in the past year thanks to its efforts in giving full display to its advantages in geology, preferential policy, ports and environment.
In 2017, Fujian Province managed to complete a comprehensive transport network with high-speed roads available for all counties and high-speed rails available for all cities in the province. It also presses vigorously ahead with construction of such opening-up platforms as the west-Taiwan Strait economic zone, China (Fujian) Pilot Free Trade Zone, and Pingtan comprehensive pilot zone, together with reduced foreign investment entrance restrictions, financial and tax support for key industries and strengthened services for foreign-funded enterprises.
All of these resulted in steep growth of new domestic and foreign-funded enterprises. For instance, China (Fujian) Pilot Free Trade Zone has attracted nearly 70,000 new enterprises to settle there by the end of 2017. Under such circumstances, the report suggests interested investors seize the chance and pay attention to Fujian’s development potential in high-end manufacturing, international trade, logistics, financial services and cross-border E-commerce.
Fujian Business Environment & Assessment Report (2017)
For Inner Mongolia Autonomous Region, a north China-located inland region, investors are advised to seek fortune in the construction and development of the China-Mongolia-Russia economic corridor, in which Inner Mongolia is one of its core areas, and start their investment from green agriculture, clean energy, strategic emerging industries, and service sectors.
Since late 2014 when the concept of China-Mongolia-Russia economic corridor was raised, Inner Mongolia has been enhancing its infrastructure such as railways, power transmission lines, and ports and its opening up to the north has forged greatly ahead. Currently, it has six ports open to Russia and 10 ports open to Mongolia and its economic and trade exchanges with Russia and Mongolia turns more and more flourishing.
Inner Mongolia Business Environment & Assessment Report (2017)
Hubei Province, located in central China, boasts huge investment potentials in 17 industrial clusters each with over 100 billion yuan output. As the “Hubei Business Environment & Assessment Report (2017)” shows, the 17 industrial clusters for automotive, chemical, computer, pharmaceutical and etc., are likely to continue to prop up the rapid development of the province whose industrial structure is relatively complete and supporting industries are competitive.
By taking advantage of its convenient land and water transport links with the other provinces in east, west, south and north China, the province has formed 78 logistics, tourism, culture, and finance industrial parks and zones. Among them, the Wuhan East Lake High-Tech Development, known as “China’s Optics Valley”, has been approved as one of the first batch of demonstration bases for mass entrepreneurship and innovation in China.
Hubei Business Environment & Assessment Report (2017)
Xinhua Silk Road, affiliated to the China Economic Information Service, an economic information providing subsidiary of Xinhua News Agency, is engaged in providing one-stop online and offline services for domestic and foreign participants of the Belt and Road construction through its three characteristic business segments including information platforms, investment consultancy and think tank services. (Contributed by Duan Jing, duanjing@xinhua.org; edited by Zhang Aifang)
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