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FDI in Shenyang
source: Shenyang Municipal Bureau of Foreign Trade & Economic Cooperation  2018-08-09 14:07

Contribution of FDI to the economy

Foreign enterprises play a vital role in contributing to Shenyang's economic development. From 2013 to 2017, the city's actual utilization of foreign direct investment reached 10.97 billion dollars, and actual projects with over ten million dollars of transferring capital numbered 184.

The tax paid by foreign-invested enterprises in the top 100 list is approximately 60 percent of the city's tax revenue. The city's total value of imports and exports in 2017 reached $69.1 billion, up 52.9 percent over the previous five years, of which the export value was $30.23 billion, a year-on-year increase of 33.4 percent. The import value, at $38.87 billion, was up 72.6 percent year-on-year.

FDI in Shenyang

Foreign-invested enterprises in Shenyang

By 2017, there were 2,470 foreign-invested enterprises in Shenyang,96 of the total are Fortune 500 enterprises. All together they initiated 167 projects, and 78 of them established 148 other foreign-invested enterprises. Eighteen of them established 19 banks and insurance companies.

Quantitative and qualitative contributions

In the process of forging cooperative relationships between foreign-invested and local enterprises, foreign-invested companies not only boost the progress of local firms in management and technology but advance industrial structures.

Foreign investment also strengthens the competitiveness of local companies in the global market via financial support. Foreign and domestic companies can also complement each other's weaknesses to achieve mutual benefit.

Editor: zfw05