Ministry of Industry and Deputy Minister said at the meeting, in the industry cooperation, China organized the relevant industry associations, enterprises to Saudi Arabia, the United Arab Emirates, Malaysia, India and other exchange docking, guide steel, nonferrous metals, building materials and other industries to build factories abroad.
In industrial cooperation, the Ministry of Industry and related industry associations, enterprises to Saudi Arabia, the United Arab Emirates, Malaysia, India and other exchange docking. Guide the iron and steel, nonferrous metals, building materials and other industries to build factories abroad. In 2016, the total investment in manufacturing industry reached US $ 13.06 billion, accounting for 18.3% of total foreign investment, which was 6.2 percentage points higher than that of 2015. Manufacturing mergers and acquisitions project 197, has also become a bright spot for foreign investment. North Bay Group, Guangxi Shenglong Metallurgy in Malaysia to invest in the joint steel and Malaysia Co., Ltd. project started construction in 2014, the river steel group and the South African Industrial Development Corporation signed in South Africa to build 5 million-ton steel plant project, The Group has also successfully acquired the Smedie Levuo Iron and Steel Plant in Serbia, and in-depth cooperation with Siemens AG, Voith Drive Technologies and Deutsche Rail AG in the high-speed rail sector to jointly develop third-party markets. These advantages of enterprises “going out” to promote the local employment and tax increase, led along the national industrial upgrading and industrialization of the overall process, “Made in China” and “China Service” more and more welcomed by the countries along the line.
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