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Shenyang deepens foreign cooperation
source: Shenyang Municipal Bureau of Foreign Trade & Economic Cooperation  2018-11-07 10:34

Shenyang has been opening wider to the outside world and regional cooperation has been deepened, with foreign trade and economic cooperation growing rapidly starting from this year.

Shenyang actually utilized $995 million of foreign capital in the first three quarters of this year.

Investment promotion is effective in the city. It has used $599.9 billion of foreign direct investment since 1983, with an average annual growth rate of 21.2 percent. There are 2,470 foreign-funded enterprises from 54 countries on five continents set in Shenyang, of which 96 of the world's top 500 companies have invested in a total of 167 projects. In addition, the total business income of foreign-funded enterprises in the city reached 328.8 billion yuan ($47.48 billion).

Shenyang has also actively promoted the construction of free trade zone, with successively issuing 200 policies, thus the development environment has continued to improve, attracting the launching of major industrial projects such as BMW Brilliance.

An automobile production line of SAIC General Motors Corporation Limited’s subsidiary located in Dadong district, Shenyang, Liaoning province. [Photo/Xinhua]
Editor: zfw05