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Why Jiaxing: Foreign Trade & International Exchange

chinadaily.com.cn| Updated : Oct 15, 2019

Jiaxing has made efforts to introduce major projects and construct a high-quality foreign investment agglomeration pilot area in Zhejiang province. It has accumulatively approved 8,134 foreign-invested projects by the end of 2018, with a contractual foreign investment of $60.5 billion and actually used foreign investment of $31.1 billion.

Jiaxing has established trade and investment ties with 193 countries and regions around the world, and 59 of the Fortune 500 companies have invested in 91 industrial projects in the city. A total of 350 foreign-invested projects were newly approved in 2018, with contractual foreign investment of $6.386 billion, up by 12.2 percent over the previous year; and actually used foreign investment was $3.14 billion, up by 4.9 percent (up by 57.7 percent of the same caliber). It has introduced 60 major investment projects, among which nine were from Fortune 500 companies, 10 from industrial leaders and 44 with total investment exceeding $100 million, including three from Fortune 500 companies.

To attract international enterprises and talents, Jiaxing has vigorously developed international cooperation industrial parks and built an internationalized highland for integrated development of urbanization and industrialization. In recent years, it has cooperated with Germany, the Netherlands, France and Japan in building four provincial-level international industrial cooperation parks, and 11 international emerging industry platforms: Sino-German (Jiaxing) Industrial Cooperation Park, Sino-UK (Xiuzhou) Innovation Cooperation Park, Sino-Japanese (Pinghu) Industrial Cooperation Park, Pinghu-European (Germany) Industrial Park, Sino-Dutch (Jiashan) Industrial Cooperation Park, Sino-Singaporean Jiashan Modern Industrial Park, Sino-French (Haiyan) Industrial Cooperation Park, Haiyan-European (Germany) Industrial Park, Northern Europe-Haiyan (Denmark) Industrial Park, Sino-French (Haining) Cooperative Industry-University-Research Park, and Haining Pan-German Countries Equipment Manufacturing Industrial Park. All these industrial parks make Jiaxing an ideal destination for high-end foreign investment in the Yangtze River Delta region and the Hangzhou Bay area.

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