BEIJING, June 1 (Xinhua) -- Xinhua Silk Road, a state information service platform built by Xinhua News Agency focusing on the Belt and Road, launches reports on business environment in Tibet Autonomous Region (Tibet) and Ningxia Hui Autonomous Region (Ningxia) Friday.
The report, named Tibet’s Business Environment & Assessment Report (2017), shows that Tibet is China’s national security shield, ecological barrier, reserve base of strategic resources, as well as a base of highland agricultural products, heritage of China’s national culture, and a hot destination for global tourists.
Tibet is located on the cold and oxygen-deficient Qinghai-Tibet Plateau, where frequent natural disasters, inconvenient transportation and high social costs contribute to major blocks for the development of local economy, the report pointed out.
However, Tibet has gained a new status in China’s new round of opening up since the “Belt and Road” Initiative was proposed, and its advantage in opening up to South Asia has been highlighted, which has provided great space for Tibet's economic and social development.
The report suggests foreign investors seize opportunities in the region’s infrastructure, agriculture and animal husbandry, clean and renewable energy, tourism, Tibetan medicine, natural drinking water and green food.
Ningxia’s Business Environment & Assessment Report (2017) points out that Ningxia is China’s first inland region piloting opening up to the outside world and a highland to implement China’s westward opening-up strategy. It is also an important base of energy and chemicals, as well as halal food and Muslim products.
According to statistics released by Ningxia Regional Department of Commerce, there were 24 foreign-funded enterprises newly established in Ningxia in 2017, and the actually utilized foreign investment reached 311.4 million U.S. dollars, an increase of 22.78 percent over the previous year.
With the deepening of reform and further opening up to the outside world, the foreign investment in Ningxia has gradually expanded from the traditional processing and manufacturing to service-related fields such as gas station construction, food and health care.
The report suggests foreign investors take opportunities in such industries as green agriculture, modern coal-based chemical industry, new energy, tourism and e-commerce.
The two reports are a part of a series of reports published by Xinhua Silk Road on the business environment of 31 provinces, municipalities and autonomous regions on Chinese mainland. The reports, updated and released annually, follow the changes of business environment and aim to help overseas investors find business opportunities in China.
In the future, Xinhua Silk Road will release more domestic and overseas business environment information and analysis reports, provide relevant database service. It also regularly releases Belt and Road Weekly, which focuses on the latest development of the Belt and Road Initiative and showcases the achievements and opportunities to the international community.
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 reports, please contact +86-10-63077787, or silkroadweekly@xinhua.org.
(Contributed by Zhao Danliang, Edited by Zhang Aifang)
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