Huaian's overseas investment gets off to a good start
2018-04-13 18:30:00

Jiangsu media reported on April 12 that, Huaian City added 5 investment projects in overseas in the first quarter, of which the Chinese investment amounted to $54.92 million, an increase of 10 times compared to the same period in 2017, enabling the city to rank first among cities in Jiangsu Province.

Firstly, investment in countries along the "One Belt and One Road" initiative made a rapid progress. In the first three months, Huaian added 2 new investment projects in Vietnam, Bangladesh and other countries along the initiative, which reached $42.24 million and accounted for 76 percent of the total investment.

Secondly, the projects that increased their capital have obvious influence on overseas investment. In January-March, Huaian newly approved two projects with capital increase, with an accumulated amount of $8.17295 million, accounting for 15 percent of the city’s overseas investment.

Thirdly, the international production capacity cooperation is in good shape. In the first quarter, there were 3 overseas projects in the textile, metal and plastic products industries, with the Chinese investment at $ 42.8125 million.


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