Huai'an China News and Events
Huai'an Open Economy Advances Steadily
time:2019-12-06

This year, the open economy of Huai'an has been advancing steadily with a good momentum of development.

From January to October, Huai'an newly established 112 foreign investment projects, with an agreed foreign investment of USD 2.36 billion, a year-on-year increase of 16%. The investment's actual utilization of the Province was USD 852 million. Of all the 112 projects, 45 achieved an investment of more than USD 30 million.

Huai'an has carried out dynamic monitoring on 16 key enterprises with more than USD 10-million exported products to the US markets which accounted for more than 50% of their total output. Huai'an has also provided "Point to Point" and "One enterprise, One policy" personalized services for key enterprises. More than 300 enterprises have participated in the Guangzhou Export Commodities Fair and 650 enterprises and units have joined the 2nd China International Import Expo. Besides, the preferential loan project of "Jiangsu Trade Loan" has been implemented and over 30 enterprises in the city has obtained more than 100 million yuan of credit approval from Bank of China and Industrial and Commercial Bank of China. From January to October of the year, Huai'an foreign trade import and export reached USD 3.897 billion, of which the export reached USD 2.79 billion, an increase of 1.4%. The export growth was larger than the provincial average.

In the first ten months, there was a new breakthrough in Huai'an overseas investment. 11 overseas investment enterprises were newly built with Chinese agreed investment of USD 93.6 million and actual investment of USD 15 million, an increase of 10%. The amount of Huai'an foreign business was USD 130 million, an increase of 23%. At the same time, Lida Metal Technology Projectin Uzbekistan, invested by Jiangsu Huaiye Science and Technology Development Co., Ltd., took a solid step in the process of smelting.