Hunan's foreign trade to exceed 100 billion dollars
2022-08-17
A press conference on Hunan building a hub of reform and opening up in inland regions was held in Changsha, during which the development of Hunan’s business and open economy was introduced. In the past decade, Hunan has been accelerating the pace of “bringing in” and “going global”, and remarkable achievements have been made in economic and trade cooperation, making the province more open.
The attracted investment in Hunan has exceeded 1 trillion yuan. In 2021, the actual use of foreign capital was 2.41 billion dollars, an increase of 72.3% year on year, ranking 13th in China and the second in Central China. And the growth rate ranked 3rd in China and first in Central China.
The actual domestic investment in place exceeded 1,128 billion yuan, an increase of 3.7 times over 2012. There are 188 Fortune 500 enterprises investing in Hunan. From January to June 2022, the total amount of foreign investment was 2.386 billion dollars, an increase of 118.7% year on year.
Over the past decade, Hunan has made new breakthroughs in foreign economic cooperation, and its economic and trade network has expanded to over 227 countries and regions.
With a number of internationally influential cross-border mergers and acquisitions, more than 1,700 Hunan enterprises have entered 109 countries and regions, and the foreign direct investment ranks among the top 10 in China and the first in Central China.
Over the past decade, Hunan has unswervingly implemented the strategy of expanding domestic demand, promoted the innovative development of circulation, and promoted the upgrading and quality improvement of consumption. So the contributions made by consumption to economic growth has increased by 12.6 percentage points over 2012, reaching 62.6%.
And the consumption expenditure of residents has increased by 2 times. The total retail sales of consumer goods also went up from 785.49 billion yuan in 2012 to 1.86 trillion yuan in 2021, an increase of 1.4 times.
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