[Overview] In 2011, with continuous support and encouragement from Nanning municipal government, 7 municipal enterprises made investment or establish offices overseas with total investment of US$53.27 million. During the 8th China-ASEAN Expo, 2 projects oriented by the “Going Global” policy were agreed with total intended investment of US$66.50 million.
[Overseas Contracted Projects and Labor Service] In 2011, six enterprises of Nanning invested overseas, two of which were engaged in contracted projects, with total investment of US$53.27 million in Vietnam, India, the Laos, Cambodia and Singapore mainly in the fields of mineral exploitation, real estates, agricultural cultivation, etc., and over 3,000 technicians and workers were sent abroad.
[Foreign Direct Investment] In 2011, 61 enterprise of Nanning invested in over 20 countries or regions, 50 of which made overseas investment and 11 established overseas offices, with total investment of US$254 million. Of these enterprises, 23 were joint ventures or sole proprietorships with total investment of US$143 million, 29 invested in and 9 set up overseas offices in ASEAN nations with total investment of US$180 million, 89% of the overall amount. The investment was made mainly in the fields of food, machinery, power, agriculture, mining, service, building material and real estates and the investment destinations are Australia, Britain, United States, Vietnam, the Laos, Cambodia and Hong Kong.