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15 July 2015

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Hunan Holds Video and Telephone Conference on Stabilizing Foreign Trade and Investment

2020-07-30 Download Print Comment
In the first half of this year, Hunan provincial commerce system has followed requirements to ensure stability on six fronts and security in six areas. It has made great efforts to fight against COVID-19 epidemic, guarantee supply, and resume work and production. The basic market for foreign trade and investment was stabilized.

The consumer market has a continuing rebound. The commerce and opening-up oriented economy witnessed upward trend. Under such circumstances, the provincial video and telephone conference on stabilizing foreign trade and investment was held in Changsha on July 29, 2020. Vice Governor He Baoxiang attended.

Between January and June, Hunan achieved a total import and export volume of 208.07 billion CNY, an increase of 13.4% against the trend. This was 16.6 percentage points higher than the national average growth rate. The total amount ranked 15th and the growth rate ranked third nationwide. The actual use of foreign capital was 10.4 billion USD, grew by 8.6%; the amount of paid-in domestic investment was 411.94 billion USD, up 17.3%; and, the actual utilization of foreign direct investment was 680 million USD, an increase of 14.9% and ranking first in terms of growth speed in central China. The total retail sales of consumer goods was 712.39 billion CNY, down 6.6%. The rate of decline narrowed by 4.9 percentage points from the first quarter.

Vice Governor He said that the external environment for stabilizing foreign trade and investment is now still severe. Meanwhile, the domestic economy is rebounding rapidly, policy dividends are gradually appearing, and Hunan’s opening up conditions are constantly improving. The attractiveness and competitiveness of Hunan provincial opening-up are now in the best time in history. He asked to implement tasks to ensure stability on six fronts and security in six areas and stabilize the basic foreign capital market. Efforts should be made to further strengthen mission, seize opportunities, take pragmatic actions, and strive to protect the main body, expand the market, strengthen the platform, and optimize the environment, so as to promote wider, deeper and higher level opening up in Hunan, he added.

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

Translator: Yu Jiangjiang

Chinese source: hunan.gov.cn