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Shantou Will Explore the Possibility for Building Overseas Textile Industry Zones
Date: 2010-04-29      Source:

In recent years, Shantou has made great progress in implementing the "Going Global" strategy and more achievements have been recorded last year with investments going into more sectors. In 2009, Shantou approved 22 overseas companies and the contracted investment totaled 15542000 dollars, more than doubled the figure of the previous year. In the past years, Shantou approved altogether 57 overseas companies and the total contracted investment amounted to 26,300,100 dollars.

It is learned that Shantou will take more measures to carry forward the "Going Global" strategy and achieve more progress in developing new markets. The possibility will be explored to establish Shantou overseas textile industry zones in Viet Nam and other countries, and encourage enterprises to invest and set up factories to develop resources in ASEAN countries and to utilize local preferential policies and convenience to directly export their products to ASEASN countries, Japan, Korea, India and other countries. At present, Guangdong Yihua Timber has been approved for setting up a subsidiary in the United States and the total investment is estimated at 30000000 dollars, which is so far the largest investment that a Shantou enterprise has ever made overseas. The Sanbao Minerals in Shantou Bonded Area is also going to invest 5,000,000 dollars to develop local mines in Indonesia, which is the first company ever from our city to develop resources outside China.

Meanwhile, we will support enterprises to build overseas distribution networks and encourage the establishment of brand shops and showrooms. Enterprises with proprietary brands can set up overseas exclusive shops to expand their global sales network, stablish and improve Going Global personnel training system and create a Going Global personnel training and introduction mechanism with integrated efforts from the government, enterprises and training institutions.

Source: Shantou Daily  April 25, 2010





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