Welcome!

News Feed Item

Liangjiang New Area: High-return Zone for Foreign Investment

-- Over 30 bln dollars of absolute import-export value

CHONGQING, China, Feb. 14, 2014 /PRNewswire/ -- Chongqing, known as China's Chicago, is becoming a region with high returns for foreign investment. The EU, ASEAN and Hong Kong, with expanding rates of 36%, 34.6% and 10.3 times in the city's fastest growing Liangjiang New Area, have turned into the three major investors of the area's 30.5-billion-dollar import-export business. This makes the western market a strategic hinterland for the emerging Chinese market to attract more influential multinational enterprises.

Liangjiang New Area is the first such area set up inland by the Chinese Government to deepen reform and promote the domestic market, after Pudong New Area and Binhai New Area. Catching eyes from around the world, it sits along the Yangtze River and the Silk Road Economic Belt, becoming an international hub linking the Chinese market with Central Asia and the EU market.  

Consecutive Growth of Absolute Import-export Value

During the 2014 Spring Festival holiday, Chongqing Customs worked overtime on the cargo clearance of Liangjiang New Area. In Lianglu Cuntan Bonded Port Area and Xiyong Comprehensive Bonded Area alone, import-export goods amounted to 122,000 tons, worth approximately 840 million dollars, including 86,700 laptop computers and 70,000 LCDs that were exported.

On January 23, 2014, the designated port for fruit entry to Chongqing opened in Jiangbei Airport, marking a new step for Liangjiang New Area to build a general clearance system. Along with the gradual improvement in functions like logistics, finance, exhibition and cloud computing, as well as the rapid development in processing and service trade, the new area's electronic information and automobile industries have progressed as integral parts of the global market, serving as an impetus for the area's growth in the import-export business.

Liangjiang New Area has witnessed a high growth in foreign trade import-export for three consecutive years. Its total import-export volume rose from less than 10 billion dollars in 2011 to over 20 billion dollars in 2012, and to 30.5 billion dollars in 2013, with year-on-year growth of 43%. Also, its absolute value outstripped those of Shaanxi, Yunnan and Guizhou, which were 20 billion dollars, 25.8 billion dollars and 8.2 billion dollars respectively, beginning to exert an influence as an inland opening portal.

According to statistics, in 2013, the import-export value created by foreign-funded enterprises in Liangjiang New Area reached 12.31 billion dollars with an increase of 1.2 times. Respectively, exports and imports represented 90.6 billion dollars and 32.5 billion dollars, up 1.7 times and 57.5%, reflecting the promising return on foreign investment in the new area.

Fast-growing Foreign Trade in Central and Western China

In 2013, the growth rate of foreign trade in the country's central and western areas was higher than that of the eastern area, indicating that central and western China are undergoing rapid development in foreign trade.

 

 

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, will discuss th...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, will provide a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to ...
Recently, IoT seems emerging as a solution vehicle for data analytics on real-world scenarios from setting a room temperature setting to predicting a component failure of an aircraft. Compared with developing an application or deploying a cloud service, is an IoT solution unique? If so, how? How does a typical IoT solution architecture consist? And what are the essential components and how are they relevant to each other? How does the security play out? What are the best practices in formulating...
Given the popularity of the containers, further investment in the telco/cable industry is needed to transition existing VM-based solutions to containerized cloud native deployments. The networking architecture of the solution isolates the network traffic into different network planes (e.g., management, control, and media). This naturally makes support for multiple interfaces in container orchestration engines an indispensable requirement.
In his session at @ThingsExpo, Arvind Radhakrishnen discussed how IoT offers new business models in banking and financial services organizations with the capability to revolutionize products, payments, channels, business processes and asset management built on strong architectural foundation. The following topics were covered: How IoT stands to impact various business parameters including customer experience, cost and risk management within BFS organizations.
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single-threaded, you can effectively identify hot spots in your serverless code. In his session at @DevOpsSummit at 21st Cloud Expo, Dave Martin, Product owner at CA Technologies, will give a live demonstration and code walkthrough, showing how ...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
SYS-CON Events announced today that Elastifile will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Elastifile Cloud File System (ECFS) is software-defined data infrastructure designed for seamless and efficient management of dynamic workloads across heterogeneous environments. Elastifile provides the architecture needed to optimize your hybrid cloud environment, by facilitating efficient...
There is only one world-class Cloud event on earth, and that is Cloud Expo – which returns to Silicon Valley for the 21st Cloud Expo at the Santa Clara Convention Center, October 31 - November 2, 2017. Every Global 2000 enterprise in the world is now integrating cloud computing in some form into its IT development and operations. Midsize and small businesses are also migrating to the cloud in increasing numbers. Companies are each developing their unique mix of cloud technologies and service...
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
SYS-CON Events announced today that Golden Gate University will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Since 1901, non-profit Golden Gate University (GGU) has been helping adults achieve their professional goals by providing high quality, practice-based undergraduate and graduate educational programs in law, taxation, business and related professions. Many of its courses are taug...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
With Cloud Foundry you can easily deploy and use apps utilizing websocket technology, but not everybody realizes that scaling them out is not that trivial. In his session at 21st Cloud Expo, Roman Swoszowski, CTO and VP, Cloud Foundry Services, at Grape Up, will show you an example of how to deal with this issue. He will demonstrate a cloud-native Spring Boot app running in Cloud Foundry and communicating with clients over websocket protocol that can be easily scaled horizontally and coordinate...