Data from GuangdongYB亚博老虎机网页版会所cial Commerce Depart

partment show that the province alone saw a 61-percent grow

th in foreign investment to $11.08 billion in the first half of this year.YB亚博老虎机网页版会所

Foreign-invested projects entailing investment of $50 million or more each surpassed 40. Among the foreign inve

YB亚博老虎机网页版会所品茶微信1stors in Guangdong province are multinationals such as German chemical giant BASF SE, US-based oil and gas co

mpany Exxon-Mobil Corp and consumer goods giant Procter & Gamble Group.

From preparing for factory construction to intensifying activities in the field of research and development, global cYB亚博老虎机网页版会所

ompanies have been accelerating the expansion of their operations across China in

recent years, said Chu Shijia, director-general of the comprehensive department at the Ministry of Commerce.YB亚博老虎机网页版会所

He said many opportunities come from China’s move to encourage foreign companies t

o expand their market presence in areas such as advanced manufacturing, high-tech, modern agricuYB亚博老虎机网页版会所品茶微信

lture and services. China is also offering easier market access and creating

a more fair, transparent and predictable environment for foreign businesses.

YB亚博老虎机网页版会所The positive impact of these measures is felt not just in South China but

mainland-wide. For instance, in June, China (Hubei) Pilot Free Trade Zone, located in the co

YB亚博老虎机网页版会所untry’s central region, signed agreements with global companies to establish 2

4 big-ticket projects. The move attracted 30 billion yuan in investment in fields like industrial incubation, machine

ry maintenance, new materials, electronic information and medical equipment.YB亚博老虎机网页版会所品茶微信

As for the northeast region, Saudi Arabian Oil Co, or Aramco, the world’s largest oil p

YB亚博老虎机网页版会所roducer by revenue, announced in February that it would invest $10 billion to buil

d a fully integrated refining and petrochemical complex in Panjin, Liaoning province.

YB亚博老虎机网页版会所品茶微信Foreign companies’ optimism about future prospects in China is palpable acr

oss industries. Late last year, BMW Brilliance Automotive, the German automaker’s jo

int venture in China, opened its third plant in Shenyang, Liaoning’s capital.

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