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
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.
CI/CD is conceptually straightforward, yet often technically intricate to implement since it requires time and opportunities to develop intimate understanding on not only DevOps processes and operations, but likely product integrations with multiple platforms. This session intends to bridge the gap by offering an intense learning experience while witnessing the processes and operations to build from zero to a simple, yet functional CI/CD pipeline integrated with Jenkins, Github, Docker and Azure...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Dhiraj Sehgal works in Delphix's product and solution organization. His focus has been DevOps, DataOps, private cloud and datacenters customers, technologies and products. He has wealth of experience in cloud focused and virtualized technologies ranging from compute, networking to storage. He has spoken at Cloud Expo for last 3 years now in New York and Santa Clara.
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple cloud provider environments. Yet, despite this portability promise, developers may include configuration and application definitions that constrain or even eliminate application portability. In this session we'll describe best practices for "configuration as code" in a Kubernetes environment. We will demonstrate how a properly constructed containerized app can be deployed to both Amazon and Azure ...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.