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International Market Convergence
updated on: 2021-07-01

Stable Development of Foreign Investment

In 2020, there are 60 newly-approved foreign-funded enterprises, with contractual foreign investment of 1282 million dollars, foreign fund actually used of 4060 million dollars, increasing 7.65% year on year, including 782 million dollars for spot exchange investment, 2072 million dollars for industrial projects investment which accounts for 51.03%. Currently, enterprises investing in our city are mainly Ford, Wal-Mart, Visteon, Pepsi, and Coca-Cola from the USA; Hitachi and Isuzu from Japan; Metro and Siemens from Germany; Peugeot, Carrefour, and Reynolds from France; ABB from Switzerland; ABInbev from Belgium and etc.

New High of Total Volume of Foreign Trade

In 2020, total import and export value of Nanchang City achieved 115.146 billion yuan, with a year-on-year growth of 8.4%, including 71.311 billion yuan for export, increasing 10.3% year one year, and 43.835 billion yuan for import, increasing 5.4% year on year. The enterprises have further accelerated their steps for expanding international market. Trading countries and regions are developed from the original Asian, North American and European Markets to 220 global countries and regions including those in South America, Africa, the Pacific, as well as the countries along “the Belt and Road”. In 2020, Nanchang ranked in the 34th place in the rating of “China Top100 Cities for Foreign Trade” carried out by General Administration of Customs.

Fruitful Foreign Economic Cooperation

In 2020, there are 23 newly-approved overseas investment enterprises in our city, with outward foreign direct investment of 480 million dollars, and accomplished business revenue through contracted overseas engineering projects of 735 million dollars. China Jiangsu International Economic and Technical Cooperation Group, LTD, China Coal Construction Group Co., Ltd., Zhongding International Engineering Co., Ltd., Jianglian Heavy Industry Group Co., Ltd., Jiangxi Water and Hydropower Construction Co., Ltd., and Jiangxi Construction International Co., Ltd. were once again selected into “the list of the global largest 250 international contractors”, and the R&D Centers have been established by Lianchuang Electronics Technology Co., Ltd. in Korea, by Nanchang Mineral Systems Co., Ltd. in Sweden, and by Jemincare Medicine Co., Ltd. and JDL Environmental Protection Co., Ltd. in the USA.