In the first half of the year, the scale of Huzhou’s outbound investment kept expanding, showing a good development momentum, according to the Municipal Commerce Bureau. The 24 foreign economic and cooperation enterprises have invested $260 million in 25 overseas projects, achieving 95.4% of the annual target and increasing by 94.77% year on year. Regarding the progress and the growth rate, the city ranks second in the province, successfully accomplishing the target.

Our city has invested in 13 countries or regions across five continents in the first half of this year. Huzhou enterprises have focused on the countries along the “Belt and Road”, investing more than $160 million in 18 projects, occupying 65.22% of the city’s total foreign investment. At the same time, a number of new projects have been registered in developed countries, including the United States, Australia, and Germany, as well as Central European and West African countries such as Cyprus and Morocco, signaling orderly progress in the global distribution of outbound investment.

In the first half of the year, the leading role and demonstration effect of the city’s big overseas investment projects has become more prominent. The 12 large-scale investment projects each worth more than $5 million have scored a total investment of $243 million, accounting for 94.34% of the city’s total investment. Among them there are 7 projects each worth more than $10 million and 4 projects each worth more than $30 million.

In addition to the manufacturing industry, which is still the most popular sector for investment, the field of overseas investment continues expanding, such as environmental protection and environmental governance, sci-tech promotion and application services, and biotechnology research and experiment. There are 5 investment projects worth $98 million, accounting for 37.91% of the total investment.