Yueyang Foreign Trade Growth Ranks First in Hunan

2018-06-25
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The Bureau of Commerce and Grain of Yueyangannounced that from January to May this year, the city¡¯s open economy maintained steady and rapid growth.Total foreign trade value hit 1.31 billion USD, an increase of 150.3%year-on-year. The city¡¯s total foreign trade value and growth rate ranked 4thand 1st in Hunan respectively.
 
This year, Yueyang City has vigorouslyundertaken East China¡¯s industries transfer, given priority to the introductionof a number of competitive export-oriented enterprises, and intensified policysupport to promote import and export performances made by urban and provincialparks, foreign trade enterprises, and domestic trade enterprises that intend toexpand international market. The moves help consolidate Yueyang¡¯s foreign tradefoundation.
 
Yueyang further optimizes its import andexport trade structure. Its total imports was 600 million USD, accounting for45.8% of the total. Foreign investment, foreign contracted projects and foreignlabor service continued to rise, and a number of enterprises with high-quality productsand high technologies have been encouraged to promote its labor, technology,capital, and projects to ¡°go global¡±. Priorities have been given to suchprojects as Hunan Huawen Food Co., Ltd.¡¯s raw material processing base project inKenya, Hunan Dahuangya Trade Co., Ltd.¡¯s and Hunan Sanxili Trade Co., Ltd.¡¯sspecial food processing base projects in Indonesia and Cambodia.
 
Translator: Xiao Juan
 
Chinese source: hunan.gov.cn