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15 July 2015

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Hunan Makes Good Start at Open Economy in January

2018-02-25 Download Print

Foreign trade: Hunan’s imports and exports in January totaled 3.106 billion USD, increasing by 53.3% compared with last year. The growth rate is 37.1 percentage points higher than the national average. The exports was 1.939 billion USD, a year-on-year increase of 44.3%. The imports was 1.167 billion USD, a year-on-year growth of 71.1%. The imports and exports in general trade amounted to 2.28 billion USD, up 63.2% from the year earlier; and that of the processing industry was 784 million USD, rising by 29.7% during the same period.

Investment attraction: In January, Hunan’s paid-in investment reached 54.018 billion CNY. The actually utilized foreign investment was 1.095 billion USD, a year-on-year increase of 17%. The paid-in domestic capital was 47.119 billion CNY, a year-on-year growth of 14.8%.

Foreign economic cooperation: Hunan had overseas contracted projects and foreign labor cooperation business worth 335 million USD in January, increasing by 61.7% over last year. The business turnover reached 480 million USD, increasing by 50.6%. The amount of newly signed contracts overseas reached 53.31 million USD, a year-on-year growth of 41.6%. The business turnover amounted to 0.206 billion USD, a growth of 57.0% over last year. Six foreign enterprises were set up, up 20% compared with last year, with an actual investment amount of 40.4 million USD. There were 7,333 contract workers sent to work abroad this month. By the end of this January, the workers working abroad totaled 109,200.

Please refer to www.enghunan.gov.cn when using the article.

Translator: Pang Yuehui

Chinese source: hunan.gov.cn