According to the Chongqing Municipal Commission of Commerce on August 5, in the first half of this year, Chongqing's foreign direct investment (FDI) reached USD 248.33 million, up 6.2% year-on-year, of which FDI of private enterprises accounted for nearly 80% of the total.

Jiangbeizui CBD

The COVID-19 outbreak has posed the most insurmountable obstacle for enterprises to go global this year. As a response to that, Chongqing Municipal Commission of Commerce, Chongqing Municipal Agricultural and Rural Committee, Foreign Affairs Office of Chongqing Municipal People's Government, Chongqing State-owned Assets Supervision and Administration Commission and others have made joint efforts. They include enhancing the safety risk investigation for going global, improving enterprises' capabilities of safety pre-warning and risk prevention & control, advancing enterprises to fulfill their responsibilities as the subjects, and propelling the establishment of a credit system in a foreign economy. Up to now, Chongqing has issued a total of nearly 100 pieces of information in response to the epidemic and conducted spot checks on almost 400 enterprises engaged in foreign investment and cooperation.

The active efforts in building platforms contribute a lot to maintaining a stable momentum for Chongqing enterprises to "go global" in the first half of this year. This year, Chongqing has proactively invested in the construction of a trade marketing network for international trade enterprises to smooth their trade channels. Attempts have been made in organizing and holding the Seminar on Presenting the National Conditions of Bangladesh, and the Seminar of Chongqing Contracting Foreign Engineering Enterprises, among others. A contact mechanism with the consulates of the UK and other countries in Chongqing and Chengdu has come forth to prompt enterprises to jointly "go global."

This year, Chongqing has set up a "1+3" filing mechanism. In the first half of the year, 40 projects have been cumulatively filed, and a consulting service platform for enterprises has come into being, with a satisfaction rate of 100%. Apart from that, Chongqing has actively carried forward the spirit of Notice regarding Responding to the COVID-19 Outbreak, Maximizing the Role of Development-oriented Finance, and Supporting High-quality Co-construction of the "Belt and Road." Chongqing has also facilitated the Chongqing International Construction Corporation and other seven companies to meet a financing demand involving USD 350 million.