Wang Shengwen, director of Department of Outward Investment and Economic Cooperation at the Ministry of Commerce (MOFCOM) of China, and his contingent visited SIP on Sept 1 for a survey on SIP’s achievements in promoting overseas investment, especially in facilitating construction of overseas cooperative zones.
The survey team first visited SIP Exhibition Center where they gained a holistic picture of SIP's development over the past 26 years, and then attended a symposium with local officials and enterprise representatives.
At the symposium, the survey team listened to reports on SIP-based enterprises' overseas investment and SIP authorities' efforts in helping local enterprises seek overseas development.
According to the reports, by the end of this July, 366 SIP-based enterprises had invested in 572 projects in 52 other countries and regions, with a cumulative contracted investment of US$ 11.43 billion. Of the projects, 85 are located in countries and regions along the Silk Road Economic Belt and the 21st Century Maritime Silk Road which, under the country's Belt and Road Initiative, run through the continents of Asia, Europe and Africa to connect the East Asian and European economic circles for win-win cooperation.
In his speech at the event, Wang gave high praise to SIP's achievements in promoting overseas investment and supporting the Belt and Road Initiative. He expounded on the role of overseas cooperative zones in propelling foreign trade and domestic economic growth, and offered advice on innovation of cooperation mechanisms and risk prevention for related projects.
