Zhejiang vows to better serve foreign-invested enterprises

(chinadaily.com.cn) Updated : 2019-06-10


The Zhejiang Province Foreign-Invested Enterprises Roundtable is held in Ningbo, Zhejiang province, on June 9. [Photo provided to chinadaily.com.cn] 

Zhejiang will spare no effort to create a world-class business environment and provide optimized services for local foreign-invested enterprises, a top provincial leader pledged on June 9.

"Zhejiang will offer solutions to the operational difficulties of foreign-invested enterprises by alleviating their financial burdens and running costs, streamlining administration procedures, and enacting the regulations laid out in the newly-passed foreign investment law," Zhu Congjiu, vice governor of Zhejiang province, said at the Zhejiang Province Foreign-invested Enterprises Roundtable. 

The meeting, part of the ongoing first China-CEEC Expo being held in Ningbo, drew over 120 officials and organization representatives from both China and CEE countries.

Statistics show that, as of the end of April, Zhejiang was home to over 65,000 foreign-invested enterprises with a total investment value of more than $700 billion. They make up 20 percent of the province’s import and export volume and have generated more than 1.7 million jobs. 

"Large-scale foreign investment not only brings in the funds and technology that Zhejiang needs, but also promotes regional institutional reform and market development, hereby making a great contribution to Zhejiang's economic and social development," said Zhu.

He added that Zhejiang will continue to open up to the outside world and welcome global investors interested in the potential business opportunities made possible by the high-quality development of the province.

The China-Central and Eastern European Countries Expo, or China-CEEC Expo, which was upgraded this year to a national-level expo, opened Saturday in Ningbo in East China's Zhejiang province. It ends on Wednesday.