By Yuling Chen, EDITOR

In order to actively respond to the national “Belt and Road” Initiative, and to build Chongqing into an exemplary inland city for opening up, on March 13, “Exchange Meeting of Spain-China (Chongqing) Investment Promotion” organized by the Municipal Investment Promotion Bureau kicked off at Chongqing World Financial Center (WFC), Jiefangbei. 

Exchange Meeting of Spain-China (Chongqing) Investment Promotion

At the meeting, a number of Spanish enterprises and nearly 40 Chongqing enterprises conducted in-depth exchanges in equipment manufacturing, energy, and trade logistics, and negotiated on the further investment and trade cooperation.

For investment projects and niche partners

The Spanish enterprises came to Chongqing in the hope of seeking for appropriate investment projects and niche partners.

“We already have branches in Hong Kong, Shenzhen, Hangzhou and other cities in China. Moreover, we hope to set up another branch in the central and western regions of China. Chongqing is a major candidate.” 

Across Logistics, an international logistics company in Spain aims to help customers to meet their logistics needs at the lowest international cost.

“We hope to build a manufacturing center in Central or Western China. Meanwhile, we also seek partners or distributors in Chongqing to expand our sales area in China and push up sales.” According to a head of Fermator, the top custom elevator manufacturer worldwide.

The data show, in 2018, the Chongqing-Spain total export-import volume is RMB 2.665 billion, with a year-on-year increase of 3.13%. Specifically, the value of exports is RMB 1.735 billion and the value of imports is RMB 930 million. 

Moreover, the main import and export products include portable automatic data processing equipment, copper ore & related concentrates, as well as porcelain washbasins and bathtubs and other sanitary appliances of the kind.

As of January 2019, Chongqing Performance Arts Group and YaoPharma have invested in Spain with a registered contractual investment of USD 2.8569 million.

Source: Chongqing Daily

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