Shenzhen's outbound investment along Belt and Road countries and regions and RECP (Regional Comprehensive Economic Partnership) member countries saw remarkable growth momentum in 2021, Shenzhen Special Daily reported, quoting the city’s commerce bureau.
One of the demonstration projects is the China-Vietnam (Shenzhen-Haiphong) Economic and Trade Cooperation Park. The park houses 32 enterprises and has so far generated an output value amounting to US$1.09 billion.
Zou Ran, general manager of acoustic products supplier Shenzhen Horn Audio’s Vietnam factory, told the Daily that after they moved into the park, the company saw its employees hit a high of 3,500. While the company’s output value continues to grow, its anti-risk capacity and overall strength have also increased significantly and the company has entered the first echelon of suppliers for world-famous enterprises.
In 2021, Shenzhen set up 675 enterprises and institutions in 47 countries and regions around the world, with actual investment amounting to US$8.102 billion, ranking second among all cities in China; Revenues from completed overseas contract projects reached US$13.173 billion, ranking first among Chinese cities.
As of the end of 2021, Shenzhen had set up a total of 8,169 enterprises and institutions in 146 countries and regions.
In terms of government support, the local authority has rolled out a raft of policies and measures, such as the implementation of paperless management of outbound investment filings, to further encourage the high-quality development of Shenzhen’s overseas investments.