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15 July 2015

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Hunan Foreign Trade Volume Exceeds 100 Bln Yuan in H1

2017-07-25 Download Print

Hunan open economy witnessed a good momentum for growth in the first half of 2017 (H1), achieving more than half yearly task within half a year for the first time. This was made at the H1 Hunan provincial commercial and open economy situation conference on July 23, 2017. The open economy indicators and tasks completion in the first half were also announced. Vice Governor He Baoxiang presided over the meeting.

From January to June, Hunan accomplished a total import and export volume of 100.6 billion yuan, an increase of 67.5% compared with the same period last year and accounting for 52.3% of the annual targets. The growth rate ranked the third nationwide. The utilized foreign investment was 7.45 billion USD, up 11.5% year on year and accounting for 53.26% of the annual tasks; while the introduced domestic capital 255.6 billion yuan, up 15.4% and completing 52.6% of the annual goals.

Vice Governor He pointed out the foreign trade should be taken as new impetus to promote the open economy development. Five special operations of introducing ten thousand investors to Hunan, Hunan products selling abroad, Hunan enterprises going global, developing ports, and transforming and upgrading industrial parks should be fully implemented and five key projects concerning opening-up and the rise of Hunan accelerated. Quality should be the major focus of Hunan products brand building, He emphasized, adding that the standardization, scale, and industrialization should be accelerated to comprehensively cooperate with countries along the “Belt and Road” route.

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Translator: Yu Jiangjiang

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