Be initiative to go abroad for quality projects

So far, the 3.28 overseas investment attraction projects and negotiation for export trade contracts are going smoothly. Up to Mar. 4th, all the townships of Zhongshan have reported 103 overseas projects available for contract-signing, and 15 out of the 103 projects have total investment of over 30 million dollars. In terms of foreign trade, 264 contracts with total amount of 1.07685 billion dollars have been signed.

The 103 overseas projects available for contract-signing mainly concentrate on manufacturing including mechanical equipment, automation devices, pharmacy, metal products, papermaking, daily chemical products, automobile parts, and garment production. The proportion of tertiary industry projects increased in those industries like real estate, trade, five-star hotels, logistic storage and tourist catering.

The channels of foreign investment continue to diversify. Besides major investors from Hong Kong, Macao and Taiwan, there are new investors and projects from America, England, France, South Korea and Japan.

Competitive enterprises maintain good momentum in increasing investment and expanding production. Among the projects available for contract-signing, 44 are capital-increase ones, which expressed overseas enterprises confidence in Zhongshan. It is reported that Zhongshan Rengo Hung Hing Paper Manufacturing Co., Ltd. will increase investment of 74.49 million dollars, and Wistron (Zhongshan) Co., Ltd. will increase investment of 65 million dollars.