4 key Sino-Japanese cooperation projects settled in Foshan

On August 6th, “Greater Bay Area Pole, Foshan Smart Manufacturing------2020 Investment Briefing of Japanese Companies entering the Guangdong-Hong Kong-Macao Greater Bay Area (Foshan)” was held. The conference focused on introducing the investment environment and key industrial carriers of Foshan and held a signing ceremony of four key projects online and offline, with a total investment of about 1 billion yuan.

The signing ceremony of 4 key projects.

A total investment of about 1 billion yuan was signed on 4 key projects

During the conference, it held the signing ceremony of Foshan Fengfu Autoparts Merger and Reorganization Project, the Second Phase Project of AGC Automotive (Foshan) Co., Ltd., the Third Factory Project of Honda Motor Products (Guangdong) Co., Ltd., and Shunde Sino-Japanese Science and Technology Industrial Park Project. Four key projects mainly involving the field of auto parts settled in Chancheng, Nanhai, and Shunde Districts, with a total contract amount of about 1 billion yuan.

Japanese enterprises generally recognize Foshan’s business environment

Qiao Yu, Deputy Mayor of Foshan, said that Foshan is making great efforts to promote the high-quality development of manufacturing industry, focusing on developing equipment manufacturing, automobile and new energy, electronic information and other industries. Most of them are advantageous industries in Japan and related enterprises also have the motivation of seeking overseas layouts, creating great potentials for cooperation development between Foshan and Japan.

Although affected by the COVID-19 epidemic and the complex international situation this year, Janpanese-funded enterprises still generally recognize the construction of Foshan business environment and regard their re-investment in Foshan as a wise choice based on the industrial foundation of different regions, the agglomeration effects of Japanese-funded enterprises and the huge market demand.

Strengthen the confidence of Japanese enterprises in increasing investment and expanding production in Foshan

In recent years, increasing Japanese-funded enterprises choose to invest and settle in Foshan, establishing closer economic and trading cooperations. In the first half of 2020, the actual foreign investment from Japan in Foshan reached 221 million yuan, with a year-on-year increase of 144.6%. The total import and export value reached 12.87 billion yuan, with a year-on-year growth of 14.8%, which far exceeded Foshan’s overall level.

Wu Huiying, Deputy Director of Foshan Municipal Bureau of Commerce, expected to show Foshan’s determination and confidence in attracting Japanese investment through this conference, increase the popularity and influence of Foshan in Japanese industry, and enhance the attractiveness of Foshan to Japanese-funded enterprises.

Representatives of enterprises attending the conference said that this event has built a communication platform of supply and demand for Foshan and Japanese enterprises to broaden the cooperation fields and increase the influence Foshan’s opening up.

(Annie)