Hunan has maintained a good momentum of development in outbound investment. In the first quarter this year, Hunan had made outbound investment of 650 million US dollars, ranking first in central and western China and seventh nationwide, according to the Ministry of Commerce.

Hunan Province has taken the initiative in implementing the national Belt and Road Initiative. In the first quarter, seven Hunan-based enterprises started up business in the countries along the Belt and Road, taking up 39% of the provincial total along the route. Investment of 181 million US dollars were newly contracted, occupying 58% of the provincial total. Hunan enterprises have played a positive role and achieved fruitful outcomes in the cooperation with the Belt and Road countries. So far, there are 277 Hunan-based enterprises operating their business in the countries along the route, involving the investment of 3.2 billion US dollars.