Kunming, Yunnan, will accelerate the construction of a regional international center city

June 12 2019

Kunming has gradually formed the “three brands” represented by “China's Healthy City”, “World Spring City Flower Capital” and “Historical and Cultural City”. At the same time, Kunming will accelerate the construction of its economic and trade center, continuously develop local characteristic industries, advantageous industries and strategic emerging industries, and lay a solid foundation for the construction of regional international central cities.Increase the intensity of industrial constructionKunming has successfully approved the cross-border e-commerce comprehensive test zone and the national foreign trade transformation and upgrading base. In 2018, the import and export volume reached US$ 13.12 billion, an increase of 67.6%. In the future, Kunming will continue to intensify its construction efforts, especially through the industrial construction to speed up the construction of the economic and trade center. Kunming will focus on making a large economic aggregate through relevant measures. Among them, we will focus on building three new energy vehicles and supporting, information and intelligent manufacturing, and chemical industry.Cheng Lianyuan, member of the Standing Committee of the Provincial Party Committee and secretary of the Kunming Municipal Party Committee, said that Kunming will accelerate the development of big data, vigorously implement the “Cloud on the Cloud” action plan, and pay close attention to major projects such as Chenggong Information Industry Park, in terms of increasing industrial construction and accelerating industrial transformation and upgrading. Construction, efforts to create a radiation center for information industry in Southeast Asia and Southeast Asia. At the same time, it will also cultivate advanced equipment manufacturing industries such as high-end equipment, mechanical and electrical products, energy-saving and environmental protection equipment, and new energy vehicle manufacturing, and strive to build Kunming into an important advanced equipment manufacturing base for Southeast Asia and Southeast Asia.Building an international trade platformKunming will also build an international trading platform for South Asia and Southeast Asia. We will continue to promote the industrial trading system with industry as the support and various trading platforms as the link.Kunming is cooperating with the completion of the “single window” of China (Yunnan) international trade and the construction of a cross-border e-commerce public service platform in Yunnan Province. At the same time, build a cross-border e-commerce offline industrial park platform, and plan and build a cross-border e-commerce industry cluster. Construct a cross-border e-commerce financial service platform, build a cross-border e-commerce cooperation platform for Kunming-South Asia and Southeast Asia, participate in the construction of “GMS cross-border e-commerce cooperation platform”, and strengthen cross-border e-commerce customs clearance cooperation with South Asia and Southeast Asia.Increase investment attractionKunming will continue to carry out "big investment, recruiting big business", vigorously promote the "top-notch" investment, and improve the accuracy and effectiveness of investment attraction.Industrial investment has a prominent position in attracting investment in Kunming. This year, Kunming implemented the industrial chain investment project to ensure that the investment in industrial projects accounted for no less than 30%. Continue to implement the project to promote leadership "management responsibility system", improve the rate of contracting projects, the rate of operation. Ensuring the introduction of domestic capital of 120 billion yuan, the actual use of foreign capital of 930 million US dollars.In the 2019 annual action plan promulgated by the Kunming Municipal Government, Kunming will intensify its construction in the areas of transportation, energy, logistics, communication, and technological innovation in the future, strengthen contact and cooperation with Southeast Asia from all dimensions, and build a connection with the mainland. An important hub for South Asia and Southeast Asia to accelerate the process of building into a regional international central city.

Chongqing ,a city in the Midwest ,a new destination for foreign investors

June 04 2019

The "2018 Chongqing Foreign Investment Environment Evaluation Report" released in January this year shows that Chongqing is the only municipality directly under the central government, and Chongqing has a significant advantage in attracting foreign-invested enterprises.In 2019, China (Western) “One Belt, One Road” cross-border investment and trade matchmaking meeting was held in Chongqing on the 17th, attracting 190 overseas companies from 22 countries and regions and 440 Chinese companies from China's western provinces and cities such as Chongqing. Co-sponsored by Chongqing Municipal People's Government and Bank of China, the matchmaking meeting aims to strengthen cooperation in international advantageous production capacity, foster and expand Chongqing's industrial and commercial enterprises and countries along the “Belt and Road”, especially the Central Europe (Chongqing) and “Luhai New Channel”. Exchanges and cooperation between enterprises in the countries and regions along the line.Lin Jingwei, deputy governor of the Bank of China, said that Chongqing has become the frontier of openness in western China. A good manufacturing base, an excellent business environment, and preferential policies and measures have created conditions for overseas entrepreneurs to invest and develop.Good manufacturing baseIn 2019, Chongqing will continue to increase investment promotion efforts, focus on the use of foreign key industries, and combine the actual situation in Chongqing to determine the manufacturing industry with big data, artificial intelligence, biomedicine, new energy and new materials as the core, as well as R&D and settlement. Modern service industry with modern logistics as the core takes the development direction of utilizing foreign capital, attracts internationally renowned enterprises to settle in, promotes the concentration of key industries, and drives the city's industrial transformation and upgrading. Huang Guohui, CEO of Singapore-based trading company, took part in the docking talks with multiple intentions. On the one hand, he hopes to export health food to the Chinese market, and on the other hand, he wants to import solar panels from China to Southeast Asia and Africa. "China made" generators, buses and other vehicles are also the products he wants.Excellent business environmentIn terms of expanding the use of foreign investment platforms, Chongqing should play a good role in the platforms of the Liangjiang New Area, the Chongqing Pilot Free Trade Zone, and the Sino-Singapore Interconnection Demonstration Project.At the same time, Chongqing will also create a legal, international and convenient business environment, strengthen investment in major projects, and focus on key countries, regions, cities and Fortune 500 companies and top 100 leading enterprises in the industry. Responsibility, precision investment, and inventory management, especially strengthen the connection with the Asia-Pacific headquarters of the world's top 500 companies and China headquarters, and enhance the pertinence and effectiveness of investment promotion work.Preferential policy measuresWhile making good use of the central government policy, Chongqing has further refined its implementation plan, innovated the introduction of local policy “combination boxing”, enriched the preferential policies for attracting foreign investment, and formed a preferential policy for foreign investment in the central and western regions.The city also plans to address the difficulties of financing, financing, employment and labor for foreign-invested enterprises; improve the coordination mechanism for foreign complaints, timely introduce foreign investors' complaints and coordination methods, protect the legitimate rights and interests of foreign-invested enterprises; focus on improving living facilities and introducing international schools International hospitals, foreigners working for foreign-invested enterprises to solve their worries about their children's enrollment and family medical treatment.

Why the "Southeast Asia Investment" is particularly popular?

May 07 2019

The Southeast Asian market has been very popular in the past two years. After China and India, the Southeast Asian market has become an emerging blue ocean market. With its huge demographic dividend and steady GDP growth, it has attracted large enterprises and e-commerce platforms to invest heavily in Southeast Asia.Southeast Asia consists of 11 countries: Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Indonesia, Brunei, the Philippines and East Timor.In the past, European countries and America were deeply favored and sought after by everyone. Whether it is overseas home ownership or immigration, European and America are undoubtedly the first choice for everyone.With the increasing threshold of investment in Europe and the United States, and the influence of the economic situation and national policies, the popularity of the European and American countries has been reduced a lot, so these groups have begun to look for new investment opportunities.0 1Southeast Asian DemographicSoutheast Asia has a large population density, and the current population has reached 630 million (including 60% of the youth population), accounting for 8.6% of the world's total population. Nearly 50% of them are urban population, and the median age is about 29 years old.Under the severe trend of global aging, the working-age population in Southeast Asia will continue to grow until 2020. The advantage of the demographic dividend is conducive to the formation of a larger consumer market in Southeast Asia.0 2Cheap LaborSoutheast Asia has a large population, and the youth population accounts for 60% of the total population. Its labor force is sufficient and cheap, and it will promote the improvement of manufacturing industry in Southeast Asia.Take Indonesia as an example: the per capita wage in 2017 is only $300 per month, the average Chinese wage is $738 per month, while the US is $4,814 per month. With the help of low cost, Southeast Asia has great development prospects.0 3Mobile Internet Technology PopularizationSoutheast Asia is a land that full of unknowns and imagination. This area, which has a population of 650 million people, is still in the “original period”.With the growing middle class and the increasing popularity of mobile Internet technologies, Southeast Asia has become the fastest growing market for Internet users worldwide. 0 4Great Potential for Market DevelopmentAccording to public information, in 2016, Southeast Asia's e-commerce retail sales accounted for 1.3% of total retail sales, far lower than China's 17.1%, and development is still in the “original period”.Experts predict that by 2025, the total e-commerce market in Southeast Asia will reach 88 billion US dollars, with an annual growth rate of 32%. The total e-commerce market in all Southeast Asian countries will each exceed $5 billion.

The advantages of investing in Vietnam

April 26 2019

According to recent data released by the Foreign Investment Bureau of the Ministry of Planning and Investment of Vietnam, Vietnam attracted foreign investment with US$10.8 billion in the first quarter of 2019, a significant increase of 86.2% year-on-year, the highest in the same period in three years. In the same period, Vietnam actually utilized foreign capital of 4.12 billion US dollars, an increase of 6.2%.The data show that in the first quarter of this year, Vietnam's investment from China reached 36.2 billion yuan, followed by Singapore, reaching 9.7 billion yuan; the third was South Korea's investment, which was 8.7 billion yuan; the fourth was Japan, which reached 4.6 billion yuan. Moreover, in the proportion of total foreign investment, Processing and Manufacturing accounted for 77.07%, Real Estate accounted for 7.2%, and other sectors accounted for 15.1%. The advantages:1. Vietnam promotes trade liberalization. The trade agreement drastically reduced the external tariffs on its exports, helped Vietnam to integrate into the global economy, and accelerated the attraction of foreign investment. For example, in January of this year, the "Comprehensive and Progressive Trans-Pacific Partnership Agreement" (CPTPP) came into force in Vietnam. At the end of 2019, the EU and Vietnam are expected to formally sign the EU-Vietnam Free Trade Agreement. The two major agreements are hugely benifit for Vietnam's manufacturing exports. According to the agreement, Vietnam’s export tariffs will be greatly reduced, while the EU cuts tariffs by 99%.2. Vietnam has a huge demographic dividend. On the one hand, Vietnam has a large population and is young. It is estimated that by 2030, half of the 650 million people in Southeast Asia will be under 30 years of age. On the other hand, low wages are one of the main factors for Vietnam to improve its competitiveness. At present, the monthly salary in the eastern coastal areas of mainland China is about 500 US dollars, while Vietnam is around 200 US dollars.3. In 2015, Vietnam relaxed the control of foreigners buying houses, which made many foreigners buy houses in Vietnam.

The five key industries development direction in the Yangtze River Delta

April 18 2019

In light of the important policy texts of the development of the Yangtze River Delta in recent years, and the development trend of Global Science and Technology Industry, integrated circuits, biomedicine, intelligent manufacturing, new materials and new energy vehicles are currently advancing the process of higher quality integration in the Yangtze River Delta. The five major industries that deserve special attention.Integrated CircuitThe Yangtze River Delta region is the leader in the development of China's Integrated Circuit Industry. Its industrial sales volume accounts for more than 60% of the country's total. It is the region with the most complete integrated circuit industry chain and the highest comprehensive technical level.A total of 4 cities in the Yangtze River Delta region have entered the ranks of the Top 10 major cities in the national IC design industry, gathering 55% of domestic integrated circuit manufacturing companies, 80% of packaging and testing companies, and nearly 50% of integrated circuit design companies. 63% of the country has formed a relatively complete integrated circuit industry chain including research and development, design, chip manufacturing, packaging testing and support industry, and emerging national integrated circuits such as SMIC, Changjiang Electronics, and Micro-Semiconductor and other leading enterprise.Bio-pharmaceuticalThe bio-pharmaceutical industry in the Yangtze River Delta region has a large scale and high quality, and its output value and technical level are among the highest in the country. With a high degree of industrial agglomeration, Shanghai Bio- and New-Pharmaceutical R&D and Production Center has been established. A number of leading enterprises have emerged in various places, forming regional brand effects, such as Yangzijiang Pharmaceutical and Xiansheng Pharmaceutical in Jiangsu. Take Shanghai as an example, in 2017, the economic aggregate of Shanghai's biomedical industry reached 304.6 billion yuan, of which the main business income of the manufacturing industry reached 109.3 billion yuan, surpassing the 100 billion yuan for the first time.Intelligent ManufacturingDriven by China's “Belt and Road” and the development strategy of the Yangtze River Economic Belt, the Yangtze River Delta region has accelerated the technological transformation and transformation and upgrading of traditional industries, vigorously developed intelligence manufacturing, and advanced the technological innovation and institutional innovation to lead the manufacturing industry toward the middle and high-end. Become the core area of China's intelligent manufacturing industry.The characteristics of the intelligent manufacturing industry in the Yangtze River Delta region are mainly reflected in the hardware manufacturing process. With Shanghai, Nanjing, Hangzhou, Ningbo and other cities as the core, they have taken advantage of their respective industries and cultivated a group of intelligent manufacturing equipment industry clusters with outstanding advantages and distinctive characteristics.In general, the smart manufacturing in the Yangtze River Delta region is mainly concentrated in the “Triangular Region” consisting of Nanjing, Shanghai and Ningbo. The cities with good smart manufacturing and development such as Suzhou, Wuxi, Changzhou and Hangzhou are all covered by the region.New MaterialThe Yangtze River Delta Region is the region with the largest number of New Material Industry Bases in China, accounting for more than one-third of the total New Material Industry Bases in the country, forming a New Material Industry cluster including aerospace, new energy, electronic information, and emerging chemicals. According to incomplete statistics, there are about 200 new materials listed companies in the Yangtze River Delta region.Among them, Shanghai is an important base for research, development and production of new materials in China and one of the largest application markets. New metal materials, new organic materials and new building materials have become the pillars of Shanghai's new materials industry, with output value accounting for more than 90% of the total output value of the city's new materials industry.New Energy AutomobileThe Yangtze River Delta region is the leading region for the rapid development of China's New Energy Automobile Industry. According to incomplete statistics, 14 of the 30 cities in the Yangtze River Delta urban agglomeration have obtained or planned new energy vehicle projects involving new energy vehicle projects with 20, the cumulative planned production capacity of 2.795 million vehicles, the cumulative planned investment of 71.52 billion yuan.

Tianjin is at the forefront of reform

April 17 2019

The Belt and Road Initiative has brought new and important opportunities for Tianjin to stand at the forefront of reform and opening up, State Councilor and Foreign Minister Wang Yi said on Tuesday."Tianjin is a place where land and maritime Silk Road meet, as well as an important city along the New Eurasian Land Bridge Economic Corridor," Wang said.Wang made the remark at an event promoting the city's advantages to foreign diplomatic missions in Beijing.This promotional event was the first ever held for a municipality directly under the central government.Tianjin is a pioneer of China's modern industrial development, and has a long history of foreign exchanges, Wang said.In recent years, the city has committed to promoting high-quality development, integrated itself to the Beijing-Tianjin-Hebei coordinated development strategy and has built the pilot free trade zone, he added.Li Hongzhong, a member of the Political Bureau of the Communist Party of China Central Committee and secretary of the CPC Tianjin Municipal Committee, said that Tianjin will continue opening up and strengthening cooperation and exchanges with other countries in areas like trade, science and technology, education, culture and tourism.Zhang Guoqing, mayor of Tianjin, invited friends from home and abroad to invest and operate in the city to achieve mutual benefits and win-win development.Andrey Denisov, the Russian ambassador to China, said that Russia has extensive economic and people-to-people interactions with Tianjin, and welcomes leaders, businesses and the cultural community in Tianjin to visit Russia and sign more cooperation agreements with Russian cities.Source: China Daily





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