Hunan has launched 8 new projects invested by Fortune Global 500 companies this year, including a car seat project in Xiangtan Economic Development Zone. The car seat project, one of the key projects signed during the 2017 Hunan-Hong Kong Trade & Investment Conference (the Conference), is funded by Magna International Inc., a Canadian global automotive supplier. It is going to start trial production.
To date, the number of Fortune Global 500 companies in Hunan is 193.
The Hunan Provincial Commerce Department announced that Hunan utilized more than 8.3 billion USD of overseas investment from January to July, up by 12.4% over the previous year and fulfilling 60% of annual targets. The in-place domestic investment increased 15.6% year on year to more than 293 billion yuan, achieving 60.3% of annual targets.
Hunan endeavors to attract sector-targeted investment, focusing on leading industries and competitive sectors such as advanced equipment manufacturing, automobile, electronic information, biomedicine, new materials, new energy, and energy conservation, and environmental protection.
Greater efforts are made to implement key projects. Up to August 20, 100 of 159 provincial projects signed at the Conference were launched.
Hunan provides customized services for leading companies to help improve their industrial chain and cluster development.
Investment environment has been optimized. Hunan has issued 22 measures to innovate and improve investment attraction, continue improving investment environment, and strengthen organizational guarantee.
Please refer to www.enghunan.gov.cn when using the article.
Translator: Xiao Juan
Chinese source: hunan.gov.cn