China News Service, Nanning, August 29 (Reporter Lin Hao) Yang Chunting, Director of the Guangxi Department of Commerce, introduced on the 29th that Guangxi has introduced a number of measures to provide key support to eligible "going out" enterprises to help a number of overseas project construction firms Steady and far-reaching.
Yang Chunting said that through foreign investment and contracted projects, companies can drive domestic products, services, technologies, brands, and standards to go global, and form overseas production bases, energy bases, sales bases, etc., which can deeply integrate into the global industrial chain supply chain reshaping and promote the formation of cross-border The supply chain of the environmental industry chain helps Guangxi to better integrate and serve the new development pattern.
Since the "Thirteenth Five-Year Plan" period, Guangxi has filed or approved about 300 overseas (non-financial) investment companies (including overseas institutions), with a total contractual investment of nearly 10 billion U.S. dollars.
More than 200 new foreign contracted engineering contracts were signed, with a contract value of more than 4 billion U.S. dollars and a completed turnover of more than 3 billion U.S. dollars.
Involving transportation and warehousing, service, mining, wholesale and retail, and manufacturing industries, it has spurred the export of a large number of products and services in Guangxi, and has formed a number of overseas raw material bases and sales bases.
The picture is courtesy of Guangxi Department of Commerce of the Mabubas Hydropower Project in Bengo Province, Angola
Among them, the Ethiopian "OMO2 Sugar Factory Project" undertaken by Guangxi Construction Engineering Group in Africa was put into production, with a design scale of 12,000 tons of sugarcane per day, making it the largest sugar factory production line in Ethiopia with the most advanced technology and the highest degree of automation.
The Mabubas Hydropower Station in Bengo Province, Angola, undertaken by Energy China Guangxi Bureau in Angola, has a total installed capacity of 25.6 MW. It provides power support for the Luanda power grid in Angola and has played an important role in promoting local economic development.
SAIC-GM-Wuling’s Indonesian plant with a total investment of US$700 million, covering an area of 600,000 square meters, is accelerating the pace of construction. After completion, it will have an annual production capacity of 120,000 vehicles. The export base of ASEAN countries.
The picture is courtesy of Guangxi Commercial Department of SAIC-GM-Wuling Indonesia Automobile Plant
In order to better assist the high-quality development of Guangxi's "going out" enterprises, Guangxi has continuously optimized its guidance and filing services to create a one-stop integrated service platform for "Guizhou enterprises going to sea +", and enhance its comprehensive service capabilities for enterprises going out.
Yang Chunting said that Guangxi’s “going out” enterprises will use relevant policies to provide financial support for the relevant expenses incurred in the process of overseas investment, foreign contracted projects, foreign labor cooperation, and foreign aid. Appropriate subsidies should be provided to increase related expenses related to the epidemic.
In addition, Guangxi will also focus on supporting the development of overseas digital technology service industry projects, overseas digital economic platform construction projects, and overseas digital infrastructure construction projects, and fostering "going out" corporate entities.
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