BRI NEWS Xi'an holds symposium for foreign-funded enterprises in Nanjing

BRI NEWS

Xi'an holds symposium for foreign-funded enterprises in Nanjing

By Foreigner | China Daily

14:56, September 24, 2020

Xi'an, capital of Northwest China's Shaanxi province, held a symposium for foreign-funded enterprises on Aug 21 in Nanjing, capital of East China's Jiangsu province, to attract foreign investment to the city.

Heads of nearly 20 well-known overseas-funded enterprises that have invested in Jiangsu attended the symposium. These companies specialize in a range of crucial fields such as electronic information, automotive manufacturing, biomedicine, artificial intelligence, aerospace and high-end equipment manufacturing.

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A symposium for overseas-funded enterprises occurs in Nanjing on Aug 21, hosted by Xi'an to attract foreign investment. [Photo provided to chinadaily.com.cn]

A list of 26 investment projects in Xi'an was released at the event, covering industries such as electronic information, automobile manufacturing, artificial intelligence, aerospace, high-end equipment manufacturing and the digital economy.

As of the end of 2019, a total of 4,212 foreign-invested enterprises had settled in Xi'an, with the actual use of foreign capital totaling $47.89 billion.

During the first half of this year, actually utilized foreign capital in Xi'an reached $4.37 billion, with 91 foreign-invested enterprises launched in the city, a year-on-year increase of 9.16 percent, ranking fourth out of 15 sub-provincial cities.

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Wang Yong, deputy mayor of Xi'an, delivers a speech at the symposium. [Photo provided to chinadaily.com.cn]

Xi'an strives to provide a convenient, international and lawful government and market environment for every foreign enterprise that invests in the city.

It has also followed recommendations on utilizing foreign investment to promote high-quality economic development and formulated 14 foreign investment support policies.

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Huang Yuhui, director of Xi'an municipal bureau of investment cooperation, introduces Xi'an's achievements in attracting talents in the first half of this year. [Photo provided to chinadaily.com.cn]

The city has also established and improved the foreign investment service system to provide global investors with online support 24 hours a day and help companies solve problems encountered during their production and operation activities.

The attendees agreed that Xi'an, as a hub connecting China's eastern and western regions, is an important gathering place rich in innovation resources and has a favorable business investment environment.

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