Since the implementation of “One Belt and One Road” Strategy, Zhejiang enterprises have taken it as a great opportunity for their business to “go global”. From January to July this year, Zhejiang Province has invested in 87 projects in countries along the “Belt and Road”, with a year-on-year increase of 97.73%. In addition, the total sum of investment has reached 2.591 billion dollars, with a 443% increase over last year, which is well above the average growth rate.
In recent years, Zhejiang enterprises actively respond to the central government’s call of implementing the “going global” strategy, attributing to the rapid increase of Zhejiang’s foreign investment and economic cooperation. Since it was founded in 2006, Zhejiang Branch of the Export-Import Bank of China has totally offered loans of about ten billion yuan to more than 100 “going-global” projects in the province. Besides, 6.192 billion yuan was used to support enterprises’ equity investment activities, which accounted for 65.3% of the total “going-global” loans.
Many people in charge of enterprises express that it is significant for Zhejiang’s industries and enterprises to optimize their overall layouts along the “Belt and Road” and promote economic and trade cooperation with countries along it through seizing the chance of acquiring projects in key countries and regions along the “Belt and Road” and gaining policy-based financial support.