According to the information from Jiaxing Municipal Bureau of Foreign Trade and Economic Cooperation, the target of a US$50 million overseas investment has been accomplished three months ahead of the schedule. Up to now, there have been 20 newly approved overseas enterprises this year. Their total investment reaches US $67.68 million, increasing by 68% compared with the same period of last year. Thus, the number of overseas businesses and the total investment exceed those of last year.
In August, Wufangzhai Group invested US$1.46 million in establishing Wufangzhai (Hong Kong) Co. Ltd, starting its international market strategy. And this project is the largest overseas investment from enterprises in Jiaxing in the 2nd half of this year.
The information also shows that the overseas investment experiences from developing foreign resource products in its initial stage to agriculture, log processing, and catering trade now. Yangguang Agriculture Co. Ltd. in Brazil founded by Haining-based Zhejiang Fudi Agriculture Co. Ltd. engages in planting beans, tobacco and forest tree. It is the 1st of its kind of Jiaxing s overseas investment.
