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Total Investment of Newly-added Overseas Investment Projects Soars
2010-06-26
Brief:Yang Xinglong, director of the Changsha Municipal Bureau of Commerce, introduced that at the end of April, there are 170 international cooperation projects in Changsha.

Yang Xinglong, director of the Changsha Municipal Bureau of Commerce, introduced that at the end of April, there are 170 international cooperation projects in Changsha.

According to relevant statistics from the Changsha Municipal Bureau of Commerce, there were 24 projects funded by the sole proprietorship private enterprises or the joint ventures out of 32 overseas investment projects in 2009.

2010's statistics revealed that among the overseas investment of 2.5 billion dollars, Chinese part holds 2.2 billion dollars. Zoomlion merges Italian CIFA and tops the concrete machinery business in the world.

On May 22, the delegation of attracting business and investment in Changsha visited Cifa in Italy, the overseas branch company merged by Zoomlion, whose sales of the first five months of 2010 increased by about 37%. A chief from Cifa expressed his gratitude to Zoomlion for supporting Cifa to go through the financial crisis.


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