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Shaanxi's investments in B&R continue growing
    Updated: 2019-09-22

The investments from Northwest China's Shaanxi province into the countries and regions along the Belt and Road hit $123 million between January and July, a year-on-year increase of 29.7 percent, according to the Shaanxi Provincial Department of Commerce. 

During the seven months, the province set up 23 overseas investment enterprises and five overseas institutes. Thirty Shaanxi investors made non-financial direct investments in 33 overseas enterprises in 17 countries and regions, with total investments of $227 million.

From January to July, places including Malaysia, Hong Kong, and Kyrgyzstan attracted the most investments from Shaanxi, and the province's investments along the Belt and Road accounted for 54.2 percent of its total foreign investment.

During the period, nine industries were the main fields drawing the most investments, such as wholesale and retail, manufacturing, as well as leasing services.

In the first seven months of this year, Shaanxi's turnover of contracting foreign projects reached $1.469 billion, ranking 14th nationwide and second in West China, among which $8.09 billion were in countries and regions along the B&R, accounting for 55.1 percent of the total. 

In addition, the province signed new overseas contracts totalling $1.238 billion and those for the B&R accounted for 70.8 percent of the total, or $876 million, making Shaanxi rank 14th nationwide and 3rd in West China. 

From January to July, Shaanxi sent 6,779 employees abroad, 1,824 more than the same period last year, ranking first in West China.

The first Chang'an freight train departs from Xi'an Port to Bishkek, capital of Kyrgyzstan, on July 16. [Photo/xinhuanet.com]


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