How to Make the "First Province" of Foreign Investment in Central China

2024-02-17 09:20:57

Since 2017, Anhui Conch Group Co., Ltd. has invested nearly 450 million US dollars in three projects in Uzbekistan. The Tashkent Conch Cement Project, with a planned investment of 320 million US dollars and an annual output of 2.5 million tons of cement, is the second cement project invested by Conch Group in Uzbekistan. In addition, the Andijan Conch Cement Project invested by the company in Andijan is scheduled to be put into operation in 2024.

Foreign-funded enterprises continue to be optimistic about Anhui, and local enterprises in Anhui are also striding out. Chery, Conch, Jianghuai Automobile.. They have carried out global layout to enhance international competitiveness.

In 2023, the total foreign investment of Anhui enterprises ranked first in the central region.

More and more enterprises, capital, personnel and technology are actively going to sea, docking with global production factors and consumer markets in an all-round way, and injecting more impetus into economic globalization and world economic development.

More global partners, more overseas bases

At the beginning of the new year, in the Siam Oriental Industrial Park in Rayong, Thailand, the first battery product of the Thai factory of Guoxuan Gaoke, a Chinese power battery company, has been produced in an orderly manner.

Back on December 7, 2023, the first battery product of Guoxuan Hi-Tech's Thai joint venture was launched. The 38-kilowatt-hour lithium iron phosphate battery pack, which can last up to 400 kilometers, can meet the mainstream battery demand for A-class compact cars in Thailand's new energy vehicle market and is expected to be supplied in batches in the first quarter of this year.

Guoxuan Gaoke is one of the earliest domestic enterprises engaged in independent research and development, production and sales of lithium batteries. "With the surge in overseas demand, our international business sector has continued to improve considerably in recent years." The person in charge of Guoxuan Gaoke said that the company is speeding up the construction of overseas bases, and has completed the planning and layout of five overseas bases in Germany, the United States, Argentina, Indonesia and Vietnam.

More global partners and more overseas bases. Chery began to build factories overseas for localized production very early, and is also the first automobile manufacturer to export the whole vehicle, CKD parts, engine and vehicle manufacturing technology and equipment to foreign countries. At present, there are 10 production bases overseas, mainly in South America, the Middle East and Russia, and plans to expand to Southeast Asia and Europe. Behind the active foreign investment of

enterprises, Anhui's foreign investment has been rising in quantity and quality for many years, and has maintained high-quality development.

From the perspective of "quantity", foreign investment continues to be generally active-in 2023, Anhui's actual total foreign investment exceeded 2 billion US dollars, reaching 2.32 billion US dollars; since 2011, for the first time, it has jumped to the ninth place in the country and the first place in the central region;

From the perspective of "quality", the investment field is becoming more and more extensive, and the investment structure is constantly optimized-the layout of key industries is expanding and increasing efficiency. Among them, the overseas layout of building materials, automobiles, new energy and other advantageous industries has covered 16 "one belt and one road" countries;

From the "main body" point of view, more and more Anhui enterprises take the initiative to "go out"-as of last year, 588 Anhui enterprises invested in the establishment of 1028 overseas enterprises, "going out" footprint in 145 countries and regions.

Allocate resources and open up markets globally, achieve better development in a higher level of opening up, and promote domestic and international double circulation. Fang Xu, director of the Provincial Department of Commerce, said that he would guide the rational and orderly cross-border layout of the industrial chain, deeply participate in the global industrial division of labor and cooperation, and promote the development of intermediate goods trade; promote the overseas layout of automobile, lithium, photovoltaic, building materials and other advantageous industries in an orderly manner, and promote the "going out" of domestic equipment, technology, services and standards. The modernization of Tashkent Conch Cement Project invested by

Anhui Conch Group in Uzbekistan meets the requirements of local environmental protection and can effectively promote local employment. Bring well-being to the people. Abdullayev, the first deputy governor of Tashkent, Uzbekistan, said at the ignition ceremony of the project. On August 19

last year, in Tashkent, Uzbekistan, a clinker cement production line with a daily output of 6300 tons was successfully ignited.

Since 2017, Anhui Conch Group Co., Ltd. has invested nearly 450 million US dollars in three projects in Uzbekistan. The Tashkent Conch Cement Project, with a planned investment of 320 million US dollars and an annual output of 2.5 million tons of cement, is the second cement project invested by Conch Group in Uzbekistan. In addition, the Andijan Conch Cement Project invested by the company in Andijan is scheduled to be put into operation in 2024.

Eyes turned to Southeast Asia. The Indonesian Jakarta-Bandung High-speed Railway Project participated by China Railway No.4 Engineering Group Co., Ltd. was successfully opened to traffic; Anhui Construction Engineering Group Co., Ltd. won the bid for the largest urban infrastructure project in Pakistan, the Karachi Water Supply Project; and the China-Hungary (Szolnok) "Belt and Road" International Production Capacity Cooperation Demonstration Zone was officially licensed.

From "freehand brushwork" to "fine brushwork" and jointly build "one belt and one road", a large number of landmark projects and "small and beautiful" projects benefiting people's livelihood have taken root, creating a new situation of mutual benefit and win-win.

The data prove the fruitful results from another level. Over the past 10 years since the

"Belt and Road" initiative was put forward, Anhui's investment in co-construction countries has maintained steady growth. Taking 2023 as an example, the actual investment of Anhui Province in building the "one belt and one way" country increased by 14%, and the turnover of foreign contracted projects increased by 14.4%.

"In terms of cooperation in major projects, Anhui Province promoted the implementation of 31 investment projects exceeding 10 million US dollars last year, and the number of newly approved overseas enterprises (institutions) increased by more than 45%." Fang Xu introduced that "the turnover of foreign contracted projects was 2.23 billion US dollars, an increase of 7.1%, which was 5.4 percentage points higher than that of the whole country, and five new projects with contracts exceeding 100 million US dollars were signed."

Improving the layout of the international industrial chain and accelerating the pace

of "going out" involves two sovereign countries setting up industrial parks in each other's countries in order to achieve complementary advantages and revitalize resources. In recent years, "two countries and two parks" as a new way of capacity cooperation is accelerating construction.

Last year, Chery Brazil Automobile Industrial Park, Anhui Ouqiao Hungary Science and Technology Industrial Park, Anhui Agricultural Reclamation Zimbabwe Agricultural Products Processing and Trade Cooperation Zone and other overseas industrial parks were steadily promoted; the strategic cooperation agreement of Anhui Kazakhstan Automobile Industrial Park was signed, and the construction of "two countries and two parks" was continuously promoted, which injected strong momentum into the high-level opening of Anhui. Greater efforts should be made to

improve the quality of foreign investment cooperation, guide more industrial chains to rationally and orderly cross-border layout, deeply participate in global industrial division and cooperation, and promote the development of intermediate goods trade. The responsible person of the Provincial Department of Commerce said that 2024 will focus on three aspects of "going out":

-Deepening the industrial layout of "going out". In the joint construction of the "Belt and Road" country, we will build a number of demonstration projects in the fields of roads, bridges, and housing construction, and implement a number of "small and beautiful" projects. We will promote the overseas distribution of advantageous industries such as automobiles, lithium batteries, photovoltaics and building materials in an orderly manner, and promote the "going out" of domestic equipment, technology, services and standards.

-Promoting the "going out" of overseas parks. Focus on ASEAN (Thailand, Indonesia, etc.), Central Asia (Kazakhstan) and the Middle East (Saudi Arabia) and other countries and regions with social stability and good investment endowment, support leading enterprises to play the role of "chain owner", plan to establish overseas industrial parks, carry out capacity cooperation, and expand trade in intermediate goods.

Pay attention to risk prevention and "going out". We should adhere to the principle of "not going to dangerous places, not going to chaotic places, and not investing in dangerous industries", establish and improve the risk assessment system of key countries, strengthen the linkage of departments and risk early warning, consolidate the main responsibility of enterprises, and enhance the ability to prevent and respond to emergencies.

Export credit insurance is an important policy tool for stable growth of foreign trade and risk prevention. Last year, the Anhui Branch of China Export and Credit Insurance Corporation served Anhui's export and foreign investment of 16.6 billion US dollars. "We will intensify our efforts to precisely support Anhui's key industries to go to sea.". Among them, it supports the investment projects of Chery Automobile South Africa Subsidiary and Jianghuai Automobile Kazakhstan Factory, with a total insurance amount of nearly 40 million US dollars. The responsible person of the company said. Embracing economic globalization

with a more positive attitude and forming a closer and benign interaction with the world, Anhui will open up to the outside world in a wider scope, wider field and deeper level, and more efficiently realize the interconnection of internal and external markets and the sharing of factor resources.

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