Foreign investment in Gansu in 2015
In the year of 2015, there were 22 foreign-invested projects newly contracted in Gansu, and the foreign direct investment in the province hiked 10 percent year on year to 110 million US dollars.
Chart 1 Foreign direct investment in Gansu in 2011-2015
Source: Gansu Province Bureau of Statistics
Chart 2: Comparison of FDI growth between Gansu and China
Source: Gansu Province Bureau of Statistics, and National Bureau of Statistics
Favorable policies for foreign investment in Gansu
In order to attract foreign investment, Gansu Province provide series of favorable conditions for foreign investors in land use, taxation, import and export tariffs as well as residential treatment for foreign employees and their family members.
Foreign investment is welcome in a wide range of industrial sectors in Gansu covering agriculture, energy, infrastructure, basic industries, public welfare, high-tech industry and other emerging industries.
The province especially encourages foreign investment in its provincial capital Lanzhou and economic development zones in cities like Baiyin and Dunhuang, and support foreign investors to establish economic or technological development zone in Gansu.
-- Tips on foreign investment in Gansu
According to the General Plan on Silk Road Economic Belt Construction in Gansu, the province plans to build a "golden section" on the Silk Road Economic Belt.
Gansu plans to build three strategic platforms for the Silk Road Economic Belt construction, including the Lanzhou New Area, Dunhuang international cultural tourism city and China Lanzhou Investment and Trade Fair.
It will also launch major projects in road interconnection, economic and trading technical exchanges, industrial connection and cooperation, new economic growth pole, cultural and educational exchanges and cooperation and strategic platform construction.
The provincial government addressed in the provincial development plan for 2016-2020 that it would expand economic and technological exchange and industrial cooperation with countries and regions along the Belt and Road, and develop international processing, manufacturing, trading and logistic industries, targeting to increase commercial trade with Central and West Asian countries to weigh more than 25 percent of provincial total.
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