CHINAUS AFRICAASIA 中文双语Français
Business\Economy

Shanghai cements leading role in global trade and investment

Xinhua | Updated: 2017-04-13 10:15

SHANGHAI — Shanghai, home to regional headquarters of 580 multinational corporations, has seen more local companies expand overseas since its pilot free trade zone (FTZ) was launched in 2013.

Shanghai enterprises have expanded to 178 countries and regions, with 70 percent of investment overseas coming from the Shanghai FTZ, according to Shang Yuying, head of the Shanghai Municipal Commission of Commerce, at a press conference Wednesday.

The Belt and Road Initiative and Shanghai FTZ have encouraged local entrepreneurs to do business overseas and are becoming more competitive, said Shang.

Enterprises from Shanghai signed contracts with partners in the Belt and Road region worth $8.9 billion last year, up 66.5 percent over the previous year.

Some have built partnerships with economic and trade departments and leading cities in 14 Belt and Road countries including Singapore, the Czech Republic and Turkey.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US