Outbound investment from Beijing-Tianjin-Hebei on the rise
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E-mail China.org.cn, August 3, 2018
Outbound investment from the Beijing-Tianjin-Hebei region has risen in leaps in recent years. The amount in 2016 hit US$36.53 billion, a year-on-year increase of 130 percent.
In 2017, the pace of outbound investment of Beijing and Tianjin slowed down while that of Hebei province maintained a sound momentum.
On August 2, the National Bureau of Statistics, the Beijing Municipal Bureau of Statistics and the China Regional Economic Association jointly issued the Beijing-Tianjin-Hebei Regional Development Index.
The report shows that in 2017, the index number was 153.99 points, measuring an average annual increase of 7.71 points when compared with that of 2010. In particular since 2014, the index number hiked. In 2017, the number increased by 36.29 points from 2013, with an average annual growth of 9.07 points, markedly faster than the average between 2010 and 2013. This suggests that the Beijing-Tianjin-Hebei coordinated development strategy has played a positive role in the regional development.
The report also shows that the regional opening-up has shifted from "bringing in" to "going global." Since 2012, the regional opening-up and development index has been on the rise, reaching 172.24 points in 2016, an increase of 19.41 points over 2012. However, the index dropped to 138.54 in 2017 due to the high base number, the report says.
In terms of foreign investment in actual use, it accounted for 4.8 percent of the regional GDP in 2017, which is 1.5 percentage points higher than 2010.
In terms of outbound investment, the report indicates that a large number of enterprises have actively responded to the Belt and Road Initiative and expanded their investment overseas. In 2016, the regional outbound investment totaled US$36.53 billion, a year-on-year growth of 130 percent.
Due to the sluggish recovery of the world economy and the weak external demand, the import and export volume in the region has been on a downturn trend since 2014, according to the report. The numbers slightly rebounded in 2017, topping US$486.47 billion, a rise of 12.8 percent over the previous year.
In addition, the region has received an increasing number of domestic and international tourists. In 2017, the number hit 1.08 billion, about 1.5 times over 2010. Of the sum, the number of inbound tourist arrivals grew by 19.1 percent.
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