Data from Guangdong亚博国际手机版登录会所cial Commerce Depart

partment show that the province alone saw a 61-percent grow

th in foreign investment to $11.08 billion in the first half of this year.亚博国际手机版登录会所

Foreign-invested projects entailing investment of $50 million or more each surpassed 40. Among the foreign inve

亚博国际手机版登录会所品茶微信1stors in Guangdong province are multinationals such as German chemical giant BASF SE, US-based oil and gas co

mpany Exxon-Mobil Corp and consumer goods giant Procter & Gamble Group.

From preparing for factory construction to intensifying activities in the field of research and development, global c亚博国际手机版登录会所

ompanies have been accelerating the expansion of their operations across China in

recent years, said Chu Shijia, director-general of the comprehensive department at the Ministry of Commerce.亚博国际手机版登录会所

He said many opportunities come from China’s move to encourage foreign companies t

o expand their market presence in areas such as advanced manufacturing, high-tech, modern agricu亚博国际手机版登录会所品茶微信

lture and services. China is also offering easier market access and creating

a more fair, transparent and predictable environment for foreign businesses.

亚博国际手机版登录会所The positive impact of these measures is felt not just in South China but

mainland-wide. For instance, in June, China (Hubei) Pilot Free Trade Zone, located in the co

亚博国际手机版登录会所untry’s central region, signed agreements with global companies to establish 2

4 big-ticket projects. The move attracted 30 billion yuan in investment in fields like industrial incubation, machine

ry maintenance, new materials, electronic information and medical equipment.亚博国际手机版登录会所品茶微信

As for the northeast region, Saudi Arabian Oil Co, or Aramco, the world’s largest oil p

亚博国际手机版登录会所roducer by revenue, announced in February that it would invest $10 billion to buil

d a fully integrated refining and petrochemical complex in Panjin, Liaoning province.

亚博国际手机版登录会所品茶微信Foreign companies’ optimism about future prospects in China is palpable acr

oss industries. Late last year, BMW Brilliance Automotive, the German automaker’s jo

int venture in China, opened its third plant in Shenyang, Liaoning’s capital.