Economic strategy opens business to worldwide funding

With an open economic development strategy, Jiangxi province engaged in business with more than 200 countries and regions across the world during the 12th Five-Year Plan period (2011-15), with export value exceeding 20 million yuan ($3 million) last year, an increase of 20 percent.

The province's overseas investment surpassed $1 billion, up 37.6 percent from 2014 and doubling the amount of 2013.

Jiangxi used total overseas capital of $9.5 billion last year, an increase of 13.2 percent from 2014. It also attracted more than 50 million yuan of domestic investment from outside Jiangxi, up 22.1 percent.

By the end of 2015, 64 Fortune 500 companies had opened offices in Jiangxi, along with 137 Chinese top 500 companies.

A number of major industrial clusters have been established, such as the LED industry in Nanchang, the photovoltaic industry in Xinyu, the lithium battery industry in Yichun and the copper industry in Yingtan.

Three Jiangxi-based companies have been recognized as among the world's top 250 international contractors.

There are currently 17 national-level economic technological development zones and high-tech zones in the province, eight of which were approved during the past five years.

Jiangxi Airlines Co Ltd, founded in 2015, now has 60 domestic and international routes, with destinations including Taipei, Hong Kong and Bangkok.

In the next five years, the government of Jiangxi will continue its open development strategy, encouraging trade and investment between Jiangxi and other countries and regions, with focuses on trade with Taiwan and Hong Kong.

It will promote inter-governmental cooperation among the countries along the Silk Road Economic Belt and the 21st Century Maritime Silk Road, as well as trade, cultural exchanges and cooperation among industry associations.

Jiangxi borders the Yangtze River delta, the Pearl River delta and the southern Fujian delta regions. The provincial government is building a technology transfer and manufacturing base for the regions, ready to carry higher-end industries, modern agriculture, tourism and cultural businesses. It will also build more free trade zones and restructure its economic models.