Datong performs well in foreign capital utilization in Jan-Sept

(chinadaily.com.cn) Updated: 2021-10-13

The city of Datong in North China's Shanxi province performed well in the utilization of foreign capital in the first three quarters of 2021. 

During this period, 10 foreign-invested enterprises, with a total investment of $1.11 billion and total registered capital of $770 million were established in the city, and the actual utilization of foreign capital was $73.45 million, a year-on-year increase of 237 percent. 

Since the beginning of this year, Datong has been stabilizing and promoting foreign investment to maintain the scale and level of foreign capital utilization. 

The city has improved the policy system to facilitate foreign investment. 

In addition, a series of policies have been introduced, and specific measures have been put forward to relax market access, improve investment liberalization, deepen related reforms, and improve investment facilitation so as to create a more open, transparent, and attractive investment environment. 

In addition, the city has continued to optimize its energy structure, develop its digital economy, and deepen reforms in energy and related fields.

According to an official of the Datong bureau of commerce, as more big data projects have been introduced to Datong, a number of associated companies have gathered in the city and more foreign investment has been guided to technological applications in rail transit, general aviation, special metal materials, new semiconductor materials, new energy technology, 5G networks, data centers, artificial intelligence, and big data.


1 2 3 4 5