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Sichuan's total import and export volume exceeded US$100 billion, and 352 Fortune 500 companies settled in Sichuan

  • Categories:Industry News
  • Author:CCTV
  • Origin:
  • Time of issue:2020-09-15
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Sichuan's total import and export volume exceeded US$100 billion, and 352 Fortune 500 companies settled in Sichuan

  • Categories:Industry News
  • Author:CCTV
  • Origin:
  • Time of issue:2020-09-15
  • Views:

CCB Chengdu, September 18 (Reporter Liu Tao) At a press conference held on the 18th, Liu Xin, Director of the Sichuan Provincial Department of Commerce, said that the total import and export volume of Sichuan Province in 2018 has exceeded the US$100 billion mark. Sichuan has settled in 352 Fortune 500 companies.

Liu Xin said that Sichuan has adjusted its structure and mode to focus on the development of foreign trade. In 1978, the total import and export volume of goods in the province was only 40 million U.S. dollars. In 1991, it reached the level of 1 billion U.S. dollars. In 2006, it reached the level of 10 billion U.S. dollars. In 2018, the total amount reached 90 billion U.S. dollars. Together with the import and export of services, it has exceeded 100 billion U.S. dollars. turn off. There are more than 5,000 foreign trade companies and more than 5,600 export products.

Sichuan Province has also established 8 national-level foreign trade transformation and upgrading bases, and has been approved as a national-level market procurement trade pilot, a cross-border e-commerce comprehensive pilot zone, a second-hand car export pilot, and a national cultural export base. In addition, Sichuan Province has deepened its pilot service trade innovation development. Imports and exports of services increased from USD 500 million in 2004 to USD 18.1 billion in 2018. New services such as service outsourcing, digital services, and bonded services accounted for more than 60% of the trade.

Statistics show that Sichuan Province has approved more than 12,700 foreign-invested enterprises, and the actual foreign investment in place has jumped from US$2.67 million in 1985 to US$9.02 billion in 2018. There are 352 Fortune 500 companies in Sichuan, among which 247 are Fortune 500 overseas, ranking first in the Midwest. Foreign-invested enterprises, which account for 1% of the total number of enterprises in the province, contributed about 14% of taxes and 68% of imports and exports. Intel, Foxconn, Dell, FAW and other well-known domestic and foreign companies have invested in Sichuan, and a number of projects with over 10 billion yuan, such as Ziguang IC International City, and BOE 6th generation line, have landed.

In addition, Sichuan has also expanded foreign investment cooperation and accelerated the pace of "going global." The completed turnover of foreign contracted projects has grown from less than US$10 million in 1981 to US$6.11 billion in 2018, ranking among the top five in the country. There are more than 1,000 newly approved overseas investment companies and total foreign investment exceeding US$10 billion. At the same time, Sichuan actively responded to Sino-US economic and trade frictions, and took multiple measures to stabilize foreign trade, stabilize foreign investment, and optimize the business environment. It has been supervised and encouraged by the State Council for two consecutive years. From January to August this year, the province's import and export of goods increased by 16%, 12.4 percentage points higher than the national level.

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