The Hunan Sub-council of the China Council for the Promotion of International Trade (CCPIT) and the Hunan State-owned Assets Supervision and Administration Commission (SASAC) held an online investment projects matchmaking conference with the Mogilev Oblast Government of the Republic of Belarus and the Belarus' Consulate General in Guangzhou. The meeting aimed to promote economic and trade exchanges and investment cooperation between Hunan's state-owned enterprises (SOEs) and Mogilev Oblast.

Hunan Province and Mogilev Oblast established friendship province-oblast relations in 2017. Both sides represent the main industrial regions of their respective countries. Both parties have their unique advantages in terms of resource endowments, share complementary market demands, and enjoy profound collaboration potential.

Belarusian representatives introduced investment projects of agricultural industry, free economic zone, infrastructure, and industrial production in Mogilev Oblast. Relevant person in charge of the Hunan SASAC briefed the conference on the remarkable achievements made by Hunan's SOEs in economic and trade cooperation with Belarus in recent years. For instance, Zoomlion settled in the China-Belarus Industrial Park in 2015, and its joint venture factory with Belarus has been completed and put into operation. The matchmaking conference would be an opportunity for both parties to strengthen communication and lead to mutually beneficial outcomes and win-win results for both Hunan and Mogilev. 

It was learned that the total import and export trade value between Hunan and Belarus reached 1.907 billion yuan in 2022, an increase of 70.45% over the previous year. Among them, the exports grew by 70.39% to 1.88 billion yuan while the imports totaled about 24.92 million yuan, up 75% year on year. In the future, the CCPIT Hunan Sub-council and the Hunan SASAC will strengthen cooperation to boost Hunan's SOAs and SOEs "going global" better.

Hunan Construction Investment Group, Hunan Provincial Xiangshui Group Co., Ltd., Hunan Xiangtou Holdings Group Co., Ltd., Hunan Haili Chemical Industry Co., Ltd., and other provincial SOEs participated in the matchmaking meeting.

This article is from the Hunan Provincial Government www.enghunan.gov.cn.

Translator: Yu Jiangjiang

Chinese source: hunan.gov.cn