Electronic Monthly Magazine of Sichuan Economic and Trade

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Electronic Monthly Magazine of Sichuan Economic and Trade Electronic Monthly Magazine Of Sichuan Economic and Trade Updates The Issue of August, 2014 China Council For the Promotion Of International Trade, Sichuan Council Main Sponsor Table Of Contents -The structure of Sichuan service trade has been further optimized, newly-emerged services trade account for 68.3% of Macroeco exports and imports nomics -Newly-started technological improvement projects have experienced a growth, first in this year. - In China, Chengdu is the first choice of investment for European capital -The growth rate of Chengdu exports and imports in the first half of 2014 is 12% higher than the national average Internation -Agricultural products exports of Sichuan in the first half of al Trade 2014 increased by 26.3% compared to the same period last year -Chengdu representative office of Taiwan Trade Centre unveil its nameplate -Chengdu and Hamilton will become friendship cities Major -The general planning of Luzhou Yunlong Airport has passed Projects the examination by Chengdu Air -The major projects of Meishan Modern Industry New City release production capacities -Throughput capacity of Sichuan harbors increased by 12.98% before August -More than 40 Fortune 500 electronics companies settled in Sichuan -The project of China Railway Southwest Headquarter laid its foundation Industrial -The cargo throughput capacity of West Railway Logistics Informatio Centre ranked No.1 in China n -Leshan will build the Southwest New-house Low-carbon Incubation Park -Sichuan-Chongqing E-business Trade Centre for Bulk Commodity settled in Liangshan -The Development and Investment Conference for Sichuan automobile industry opened -The trade value of Mianyang E-business reaches 71.4 billion Yuan in the first half of 2014 -The 11 th Chinese Medicines (medicines for various Exhibition nationalities) Expo was held in Mianyang Economy -The 2014 Chengdu International Auto Show opened -President Li Gang met with the new consul general of Pakistan Chengdu Consulate General, Amna, Baloch, and her The entourage Promotion -The Pakistan Business Opportunity Roadshow was held by of Sichuan CCPIT Sichuan Council Trade -The Indian Business Opportunity Lecture was held in Chengdu -President Li Gang leads the Sichuan Entrepreneurs Delegation to participate “The 8 th China-South America Entrepreneurs Summit” Macroeconomics 68.3% The structure of Sichuan service trade has been further optimized, Newly-emerged services trade account for 68.3% of exports and imports In areas such as finance, consulting, and mobile networks, Sichuan has been frequently interacted with international market, accelerating the optimization of service trade structure. In the first half of 2014, the imports and exports of Sichuan service trade reached 5.43 billion USD, increased by 16% compared to the same period last year. Among them, newly-emerged services trade account for 68.3% of exports and imports, 11.6% higher compared to the percentage for the same period last year. In the first half of 2014, the export value of Sichuan service trade reaches 2.76 billion USD, increased by 19.3% compared to the same period last year, among them newly-emerged services trade account for 83.2%, 9% higher than the percentage for the same period last year. At the same time, the imports and exports of Sichuan management consulting services (including laws, accounting, and advertising, etc.), financial services, and insurance services increased by 24.1%, 47.2%, 387.4% respectively. The introduction of business services such as management consulting would facilitate the integration, innovation, and upgrading of business models, and drive the development of manufacturing and service industries; finance, insurance services grow fast, providing strong safeguard for Sichuan companies “going out”. In the first half of 2014, the imports and exports of Sichuan travel services reaches 1.06 billion USD, increased by 21.1% compared to the same period last year. Among them, exports increased by 6.3% compared to the same period last year, imports increased by 21.6% compared to the same period last year. Travel services remain a steady growth, reflecting the structural upgrading of Sichuan household consumption, demands for high-quality tourism, studying abroad, and health care continue to grow. The imports and exports of transportation services of last year reaches 0.17 billion USD, and in the first half of 2014, the number would reach 0.1 billion USD. The development of culture trade accelerates. In the first half of 2014, the imports and exports of Sichuan culture and entertainment services reach 5,200,000 USD, increased by 435.5% compared to the same period last year, among them the imports and exports of visual or audio and related services increased by 91.9% compared to the same period last year. (2rd of August, Sichuan Daily) Newly-started technological improvement projects have experienced a growth, first in this year Sichuan completed industrial technological improvement investment 278.6 billion Yuan in the first 7 months of 2014, increased by 6.9% compared to the same period last year, growth rate dropped by 0.3% compared to the first half of 2014. The number of newly-started technological improvement projects has increased by 2.3% compared to the same period last year, achieving the first positive growth since the beginning of this year. The seven advantageous industries are still the main investment area for technological improvement. In the first 7 months of 2014, technological improvement investment in the seven advantageous industries of Sichuan has accumulatively reached 190.1 billion Yuan, accounting for 68.2% of total technological improvement investment in Sichuan. At the same time, investment of technological improvement in traditional industries has been further increased, traditional industries such as coal and textile completed technological improvement investment of 159.3 billion Yuan in total, accounting for 57.2% of total technological improvement investment in Sichuan, increased by 0.7% compared to the same period last year. South Sichuan Economic Zone has contributed most to technological improvement. In the first 7 months of 2014, South Sichuan Economic Zone invested 72.6 billion Yuan in technological improvement, increased by 11.3% compared to the same period last year, accounting for 41.1% of Sichuan technological improvement investment. Technological investment in Chengdu, Northeast Sichuan Economic Zone also grows steadily, increased by 8.1% and 4.5% respectively. Technological improvement investment in Suining, Luzhou, Ziyang, Meishan, Liangshan all achieved fast and steady growth, with growth rate all above 20%, among them the growth rate of technological improvement investment is the highest in Ziyang, which amounts to 38.2%. (26 th of August, Sichuan Daily) In China, Chengdu is the first choice of investment for European capital In the “list” of destinations for FDI in China, Chengdu became the first choice city for European capital. In 2014, European companies in China lowered their expectation for the Chinese market, at the same time the percentage of companies invested in China who expand businesses in other provinces also decreased from 50% last year to 45% this year, what is worth mentioning is these 45% companies list Chengdu as their first city choice in expanding business, and the percentage of selection is higher than past years. (1 st of August, Sichuan Daily) The growth rate of Chengdu exports and imports in the first half of 2014 is 12% higher than the national average From January to June, Total Retail Sales of Consumer Goods of Chengdu reaches 205.084 billion Yuan, increased by 13% compared to the same period last year, growth rate is 0.9% higher than the national average; achieving total value of imports and exports 26.843 billion USD, increased by 12.74%, 12% higher than national average. In the first half of 2014, exports of Chengdu reached 16.618 billion USD, increased by 8.86%, 8% higher than national average; growth of imports value is 18% higher than national average. Among them, electromechanical and high-technological products are highlights in exports, the accumulative exports of Dell alone reached 2.436 billion USD, increased by more than 95%. (1 st of August, Sichuan Daily) Agricultural products exports of Sichuan in the first half of 2014 increased by 26.3% compared to the same period last year From January to June this year, the trade volume of Sichuan agriculture products has reached 0.72 billion USD, increased by 45.7% compared to the same period last year, among them exports volume 0.41 billion USD, increased by 26.3% compared to the same period last year; imports volume 0.31 billion USD, increased by 83.0% compared to the same period last year. (19 th of August, Sichuan Daily) Chengdu representative office of Taiwan Trade Centre unveil its nameplate On 26 th of August, the opening ceremony of Chengdu representative office of Taiwan Trade Centre was held. This is the first and the only representative office of Taiwan Trade Centre established in the west of mainland China, responsible for contacting regions such as Sichuan, Chongqing, Qinghai, Xinjiang, and Tibet. Taiwan Trade Centre is the most important trade promotion institute in Taiwan, and there are more than 60 offices around the world. Currently, the center has established 6 offices, which are Beijing, Shanghai, Guangzhou, Chengdu, Qingdao, Dalian, and 4 contact points, which are Nanking, Wuhan, Xiamen, Nanning, actively facilitating economic and trade cooperation across the strait, especially providing more convenient and timelier trade consulting services to companies in Taiwan and mainland China, is an important platform for economic and trade communication and cooperation across the strait. Chengdu and Hamilton will become friendship cities The proposal for deliberation on forming friendship relationship between Chengdu City and Hamilton City, New Zealand filed by Chengdu government was approved by NPC Standing Committee of Chengdu, planning to facilitate the official signing of agreement between two parties within this year.
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