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Heng Young: Remarkable Achievements in Every Field of Foreign Trade
From:衡阳新闻网 | Date Add in:2018-11-08 12:00:01 [A  A]
On the morning of November 5, a special press conference was held to commemorate the 40th anniversary of reform and opening-up in Hengyang. Huang Jianjun, Secretary and Director of the Party Group of Hengyang Commercial and Grain Bureau, Zou Kecheng, Member and Vice-President of the Party Group of the Municipal Trade Promotion Association, Wan Hanjian, Member and Vice-Director of the Party Group of the Municipal Development and Reform Commission, Shen Junming, Deputy Director and Press Spokesperson of the Bureau of Tourism, Diplomacy, Races and National Affairs, introduced the achievements of Hengyang’s foreign economic and trade work in the past 40 years of reform and opening up.

Over the past 40 years of reform and opening up, Hengyang has grasped historical opportunities, made progress, adhered to the strategy of opening up which combines “introducing” with “going out”, and gradually formed an all-round, wide-ranging and multi-level opening pattern. It has made remarkable achievements in various fields of foreign trade and economy. The level of open economic development has steadily ranked the first in the province. It plays an important role in promoting the sustained, rapid and healthy development of Hengyang’s economy.

In the past 40 years of reform and opening up, Hengyang’s foreign trade has gone from little to a little, from a little to more. In 1989, Hengyang began to import and export products independently. In that year, the import and export volume reached 1.885 million US dollars. By 2017, the total import and export volume of Hengyang have reached 4.488 billion US dollars, ranking the second in the whole province, with 66.9% growth rate ranking the first in the whole province, and total processing trade ranking the first in the whole province. Hengyang’s Foxconn, as a single enterprise, ranked the first in the whole province in overtaking Changsha Lansi Science and Technology.

Not only the total amount has been improved, but also the industrial structure has been continuously optimized, forming a “one core and three poles” pattern of foreign trade industry: “one core” is the electronic information industry represented by Foxconn. “three poles” is the power equipment manufacturing industry represented by the special substation industry, Ruida power supply, and the traditional steel, iron and nonferrous metals industry represented by Hengyang Steel Group and Shuikoushan Group, shoes and apparel industry represented by the Nanyang Shoes Factory. These four industries account for nearly 90% of the city’s total foreign trade. Especially Foxconn, the electronic and information industry has been developing rapidly, accounting for more than 50% of the city’s total foreign trade.

Since the beginning of reform and opening up, Hengyang has made great progress in its foreign economic cooperation. Foreign cooperation has spread across 140 countries and six continents. Among them, there are 16 key countries and regions along the “one belt and one road”. Over the past five years, the annual growth rate of the turnover of foreign investment, contracted projects and labor cooperation in the city has averaged more than 30%, and the total amount and growth rate rank the first in the province. Up to now, 74 foreign-invested enterprises have been approved in the whole city, with Chinese contractual investment exceeding 600 million US dollars, 5 projects under construction, with total contractual value exceeding 1 billion US dollars, and the annual turnover of foreign-contracted projects enterprises exceeding 100 million US dollars. More than 10,000 migrant workers have been employed abroad annually, generating nearly 200 million US dollars in foreign exchange earnings.

In 1984, Hengyang first introduced foreign capital projects, and the contractual utilization of foreign capital reached 88,000 US dollars in that year. In 1985, the actual utilization of foreign capital in the whole city reached 156,500 US dollars, and the amount of foreign capital broke the ice. In 2017, the actual utilization of foreign capital reached 1.283 billion US dollars, which ranked the third in the province. As of 2017, 2,690 foreign investment projects have been attracted in the whole city. The contractual utilization of foreign capital is 11.13 billion US dollars, and the actual utilization of foreign capital is 9.222 billion US dollars.

Businessmen coming to Hengyang for investment come from Hong Kong, Macao and Taiwan, and from the developed countries such as Britain, the United States, France, Japan, Australia and Canada, as well as developing countries such as Malaysia, Pakistan and Mexico. Foreign investment projects such as Foxconn and Jiantao Hong Kong are developing well, increasing business groups and investment, and playing an active role in expanding imports and exports, increasing fiscal revenue and solving employment problems. In 2017, in Hengyang 143 projects have been signed in the four major investment activities of “Hong Kong Negotiation Week”, “Central Enterprise Docking in Hunan and Hengyang Investment Promotion Conference”, “Hengzhou Economic Development Forum 2017” and “Hunan Rooted Businessmen Congress”, with a total investment of 187.2 billion yuan, the largest number and amount of contracts ever signed.

Since the reform and opening up, Hengyang Port Platform has made considerable development and progress from scratch and from small to large. Up to now, the port platforms that have been built and operated in the whole city include five scheduled shifts, waterless ports, highway ports, railway ports, comprehensive bonded areas, cross-border e-commerce industrial parks, etc. They are actively declaring air ports. The completion and operation of these port platforms have played an important role as a bridge, window and link for the implementation of the strategy of “opening up and rising” and deeply integrating into the “one belt and one road” initiative. At present, Hengyang City is becoming one of the most complete and top-end cities of the province’s port platforms, and the efficiency of the city’s port customs clearance ranks the first in the province.

From the Customs’ point of view, the number of import and export declarations under supervision increased from 20 in the early year of the establishment of the Customs to 13,000 last year, and the number of import and export enterprises increased from less than 10 to 596. Hengyang has made great efforts to reduce customs clearance time and import and export costs by pushing forward port efficiency improvement and fee reduction, customs integration, paperless and other business reforms.

In addition, Hengyang Comprehensive Bonded Zone, which was formally operated in 2014, is the first comprehensive bonded zone in Hunan Province and a “golden brand” of Hengyang’s opening to the outside world.

Translated by Xie Caihong

Sponsored by Hengyang Municipal People's Government, Undertaken by Hengyang Normal University
Co-sponsored by Information Office of Hengyang Municipal People's Government Technical Support & Design:Hengyang Normal University
ICP NO:05002289