Foreign Trade and Foreign Investment

    With speedy progress in foreign trade, the number of import and export enterprises in Taiyuan has increased to 400 with a total annual turnover of 2.004 billion USD among which 1.517 billion are made from export. Export commodities major in soft coal, blind coal, coke, magnesium, coking coal, sports facilities, aluminum, and active-carbon in 19 categories, 750 kinds. They are shipped to 130 different countries and regions. Such transactions contribute 31.3% of foreign trade dependence.

    Utilization of foreign fund is getting enlarged steadily. The number of foreign investment enterprises in Taiyuan counts up over a thousand amounting to 4.39 billion USD. And contracted foreign funds counts up to 1.546 billion USD. The investors from 39 other countries and regions like Bermuda, Hong Kong, the U.S and chiefly put money in manufacturing, construction, coal processing, road construction, agriculture, food service, real estate and other social services. Fund inlet from those contracts yearly sums up over 100 million USD.

    Besides, the Sino-Foreign economic cooperation abroad shows spectacularity. Overseas enterprises from Taiyuan at present are 19 so far. Labor and workforce supply to Japan, Singapore, Italy, Hong Kong, Israel, Kazakhstan and other countries and regions vary from electronics assembly, machining, textile, garments, civil engineering, medicine, to food service etc. In New Zealand , Bengal , Burma , Mongolia , Nigeria , etc., work contracts made are high way, bridge, shipbuilding, railway construction, and ancient architecture.