0086-10-53270173

subscribe
language

“Shanghai Opportunity” continues to be optimistic about foreign investment

February 23 2019

Foreign capital is an important part of China's economic development, and Shanghai has always been a hot spot for China to attract foreign investment. In the past 2018, there were 5,597 new foreign-funded projects in the city, a year-on-year increase of 41.7%; contractual foreign investment was 46.937 billion US dollars, up 16.8% year-on-year; the real foreign investment was 17.3 billion US dollars, up 1.7% year-on-year. The number of projects, contractual foreign investment, and real-time foreign investment have increased simultaneously.In January 2019, there were 563 new foreign-funded projects in the city, a year-on-year increase of 69.1%. The contractual foreign investment exceeded US$10 billion, reaching US$10.97 billion, a year-on-year increase of 197.6%, and the actual foreign investment was US$1.422 billion, a year-on-year increase of 33.5%.According to statistics, in January, Shanghai set up 552 new foreign service industry projects, real foreign investment of 1.284 billion US dollars, an increase of 24.8%, accounting for 90.3%. Among them, the business service industry actually reached 645 million US dollars, an increase of 66.5% year-on-year, accounting for 45.4%; the technology service industry actually reached 146 million US dollars, an increase of 263.8%, accounting for 10.3%. Other major investment areas are real estate (real foreign investment of 176 million US dollars, accounting for 12.4%), and commerce and trade (real foreign investment of 121 million US dollars, accounting for 8.5%).The relevant person in charge of the Municipal Commerce Commission said that in 2019, they will adopt a fixed-site and fixed-time approach, continue to target Foreign-funded Enterprises, organize 12 round-table meetings on government-enterprise cooperation, and meet face-to-face with Foreign-funded Enterprises to understand the operation of Foreign-funded Enterprises. 

Shanghai cuts GDP target, takes on new tasks

January 28 2019

Shanghai lowered its growth target for 2019 and took on the tasks of expanding its free trade zone, setting up a registration system and a new board on its stock exchange, and integrating with regional development.The municipality projects its gross domestic product growth rate at 6 to 6.5 percent for the year, Mayor Ying Yong said in his government work report at the annual session of the ongoing Shanghai People's Congress on Sunday.Last year, Shanghai's GDP grew by 6.6 percent, exceeding its target by 0.1 percentage point and reaching 3.27 trillion yuan ($484.8 billion)."Though we have maintained steady economic growth, elements exist that will cause uncertainties and challenges to, or even slow down the economy," Ying said. "Even harder work is needed to sustain healthy, steady growth."Sun Lijian, a Fudan University professor of economics, said the 6 to 6.5 percent growth range indicates the city has prepared for the global uncertainties, such as protection-ism, and it shows the Shanghai government's determination in shifting its development model and industrial restructuring, which often takes time and will affect direct economic indicators like GDP.Xu Xiaoliang, executive chairman of the Fosun International Ltd board and a deputy to the congress, said he is optimistic about 2019 because Shanghai has kept improving the business environment, and that a lower GDP target can ensure sustainable growth.The three major tasks President Xi Jinping mentioned during his inspection in Shanghai in November-expanding the China (Shanghai) Pilot Free Trade Zone, launching a science and technology innovation board on the Shanghai Stock Exchange and a pilot registration system for listed companies, and promoting higher quality growth and integration of the Yangtze River Delta region-led the municipal government's work agenda."Putting the three new major tasks at the top of our agenda, we will be more open-minded ... as we play our role ... to overcome the most difficult challenges," Ying said.Besides planning out a new section of the free trade zone, Ying said the government will take on institutional innovation in the FTZ, set mechanisms in line with international norms and work on making Shanghai a competitor among the world's free trade zones.The municipality will cooperate with the central government to establish the new board and pilot registration system at the stock market to provide more financing opportunities for high-quality IPO candidates, channel more loans to small and medium-sized private enterprises and expand the policy financing guarantee fund for small and medium-sized enterprises.Joint projects in infrastructure, technological innovation and environmental protection will be advanced in the Yangtze River Delta region, and regional public services, such as elderly care and social security will be explored, Ying said about the integration of the area.Bo Dongxi, a deputy from Jiading Power Supply, said the company has been participating in upgrading the Yangtze River Delta regional energy network, which will allow more input from the distributed generation, storage and transmission of electricity, such as solar power plants and wind farms.Regulation in the real estate market will continue, and property prices will stay at a stable level, Ying said, adding that the municipal government will add 100,000 rental housing and 60,000 subsidized housing units to improve availability.During the congress's five-day session, municipal legislators will review a draft of the city's first regulation on management of domestic waste and vote on a final version on Thursday.Source: China Daily

Shenzhen-Hong Kong Science and Technology Innovation Special Cooperation Zone has become a "The Future City"

January 22 2019

The latest data shows that in 2018, Shenzhen has added more than 3,200 national High-tech Enterprises, with a total of 14,400, the ranked second in the country. According to statistics, from January to November 2018, the output value of High-tech industries in Shenzhen was 2,162.552 billion yuan, up 12% year-on-year; the added value of high-tech industries was 734.401 billion yuan, up 13.07% year-on-year. The effective invention patent of Shenzhen has maintained a rate of 84.99% for more than 5 years, higher than that of large and medium-sized cities such as Beijing, Shanghai and Guangzhou. The number of PCT International Patent applications was 14,058, which continued to rank first among the major cities in the country. In 2018, Shenzhen fully supported the development of key areas of Science and Technology such as Artificial Intelligence, Integrated Circuits and Biomedicine, and realized a expenditure of 55.5 billion yuan in Science and Technology, an increase of 57.7%. In 2019, Shenzhen's current budget will continue to promote the construction of a high-level Scientific and Technological Innovation System.Shenzhen and Hong Kong have inherent advantages. At present, Hong Kong and Macao compatriots still have less creative ideas in Shenzhen. It is suggested that Hong Kong and Macao compatriots, especially young people, should take advantage of creativity and international cooperation to actively develop some double-creation bases to make the truly creative Science and technology projects can be settled in Shenzhen.In response to the situation in Shenzhen's High-tech Industries and Strategic Emerging Industries, Shenzhen CPPCC members suggested that Shenzhen should attract Top-notch Laboratories, Research Institutes, Universities and Multinational Companies at home and abroad to set up the world-leading science laboratory and the R&D center that strives to achieve breakthroughs in a number of core key technology areas and emerging technology areas.

Tianjin optimized the supply of Industrial Land Use Rights

January 14 2019

Recently, Tianjin optimized the supply of Industrial Land Use Rights and post-supply supervision, promoted the adjustment and upgrading of industrial structure from the land supply, and solidly promoted the high-quality development of the economy.Before the innovation and optimization, the supply of industrial land in Tianjin can only be transferred in the form of bidding, auction and listing according to the legal maximum 50-year transfer period. After innovation and optimization, on the basis of continuing to implement the 50-year supply method of bidding, auction, listing and transfer, the enterprise may choose to obtain the right to use industrial land by means of long-term lease, and flexible period. The period of transfer is shortened to generally no more than 20 years, and the option of land use for enterprises is fully expanded to reduce the cost of land use in the initial stage of the real economy. At the same time, improve and improve the system of renewal of industrial land use, and renew the use of the contractually agreed terms of use after comprehensive evaluation.Tianjin will also guarantee the development of strategic emerging industry projects, give priority to the strategic development of strategic emerging industrial projects, and implement a transitional policy that continues to use land according to the original use and land rights types to support the integration of physical industries and research and innovation industries, and support the construction of innovative entrepreneurial space.

From “Made in Dongguan” to “Intelligently manufactured in Dongguan”

January 08 2019

Dongguan is located in the south central part of Guangdong Province and to the east of the Pearl River Delta, Dongguan is in the heartland of the Guangdong-Hong Kong-Macao Greater Bay Area and Guangzhou-Shenzhen Science and Technology Innovation Corridor.Renowned for its “Made in Dongguan”, the city is a world manufacturing center and an important export base for China. Over the years, Dongguan has enjoyed close economic and trade ties with more than 200 countries and regions. With over 11,000 foreign-funded enterprises in Dongguan from over 50 countries or regions, which include nearly 100 projects by Fortune Global 500 companies, the city has attracted a total of 75 billion US dollars of foreign capital. Covering 30 specific sectors and 60,000 kinds of products, its over 150,000 industrial enterprises boast 90% being locally self-contained and thus constitute a complete manufacturing system, ranging from electronic information, clothing, furniture, hardware to molds, etc. Its smartphone industry is particularly well developed, with Huawei, Oppo, and Vivo mobile phone shipments ranking top six globally. One in five smartphones in the world is made in Dongguan. In recent years, Dongguan has been actively implementing the “Belt and Road” Initiative, having hosted for years the Guangdong 21st Century Maritime Silk Road International Expo, China Processing Trade Products Fair and Guangdong International Robot & Intelligent Equipment Exposition. It has launched the China Railway (CR) Express freight services that travel both between China and Europe and between China and Asia. With its integrated land and sea linkages, it strives to be an important hub for the “Belt and Road” Initiative.An innovation-oriented city dedicated to developing science and technology. The only prefecture-level city incorporated into the Guangzhou-Shenzhen Science and Technology Innovation Corridor, Dongguan has been, in recent years, carrying out its innovation-driven development strategy and promoting its “automation plan”, “growth doubling program” and a quick transition from “Made in Dongguan” to “Intelligently manufactured in Dongguan”.By 2017, its GDP increased by 8.1% to RMB 758.2 billion yuan, ranking 19th in China’s large and medium-sized cities and its total import and export reached 1.22 trillion, ranking fifth among peers. According to the jointly released report by the Chinese Academy of Social Sciences (CASS) and the UN-Habitat, Dongguan ranks 154th globally and 10th in China in terms of urban competitiveness. 

EMAIL

china@tanikawa.com

PHONE

0086-10-53270173

Leave Your Message

SOCIAL

Contact
If you need any help from us. Please leave your contact information ,we will be touch shortly. You also can email us if you would prefer.