The total import-export volume in the first half of this year reached 15,591 billion US dollars, a 50.3% increase over the same period of last year; increase in foreign investment saw a four-time climb compared with the first six months of last year and newly-signed overseas contracted projects and labor services cooperation increased by 1.
3 times. According to Department of Commerce of Sichuan Province on July 13th, the competitive edge of Sichuan s economy and trade has further enhanced and, with the boost of large-scale projects, Sichuan is now ranking 2nd from 5th place of last year in total volume of contracted foreign economic cooperation
Sichuan continues to lead in foreign trade in middle and western regions of China. According to the statistics issued by the Customs, from January to June, the export volume registered at 8.844 billion US dollars, a 44.9% increase over the same period of the previous year; growth rate of import-export, export and import, respectively are all higher than the average level of the nation.
Export increased more than 5 times in Panzhihua and Guangyuan and export grew more than half in cities like Chengdu, Mianyang, Nanchong, Suining, Leshan, Meishan, Liangshan and Ganzi. Export growth of some of the key enterprises in Sichuan such as Tianwei New Energy, Chuanqing, Chengda, Changhong and Sichuan Textiles I.
/E. Corporations more than doubled.
Sichuan also occupies the first place in real-term foreign direct investment in China s western regions. According to data from Department of Commerce of Sichuan Province, 180 foreign-invested enterprises have set up their businesses in Sichuan in the first half of this year, up by 50% over the same period of last year.
Among the 180 newly-established enterprises, 100 are invested in service sector. The real-term foreign investment reached 2.560 billion US dollars among which 2.036 billion were new investment, an increase of 36.8% and 124.6% respectively. The net increase of contractual investment grew 4 times over the same period of last year.
The oil project in Turkmenistan invested by CNPC Chuanqing Drilling Engineering Co., Ltd. (CCDC) reached a contractual volume of 3.13 billion US dollars, which significantly promoted Sichuan s ranking in foreign economic cooperation in the first half of 2010. Sichuan now places the 2nd among all provinces of China. According to Department of Commerce of Sichuan Province, from January to June, newly-signed overseas contracted projects and labor service cooperation in Sichuan Province increased by 1.3 times, registering a total volume of 4.314 billion US dollars. Total turnover reached 1.817 billion US dollars, a 26% increase over the same period of last year. 25 enterprises in Sichuan have involved in overseas investment, with an agreed overseas investment increase of 3.9 times.