[In 2022, China's foreign contracted projects will turnover of 1 trillion yuan]Recently, the State Council Information Office held a press conference. At the meeting, Vice Minister of Commerce Guo Tingting introduced that in 2022, foreign non-financial direct investment will be 785.94 billion yuan, an increase of 7.2%. Among them, investment in countries along the Belt and Road increased by 7.7%, accounting for 17.9%. Foreign contracted projects developed steadily, with a turnover of 1.0 trillion yuan, an increase of 4.3%, and 59 new projects with a contract value of more than 50 million US dollars compared with 2021. Editor/Xu Shengpeng
On July 17, 2026, Sinoma Energy Conservation signed an EPC general contract for an air separation unit in Navoi, Uzbekistan. The project is owned by Linde Joint Venture and Navoi Nitrogen Fertilizer Company, marking the company's expansion from clean energy to the field of chemical engineering.Editor/Gao Xue
On July 20, 2026, China National Heavy Machinery Industry Corporation won the bid for the remanufacturing of 2 battery electric multiple units and the renovation of 4 charging electric vehicles for the Myanmar Railway Bureau. This marks a further deepening of cooperation between the two parties, following the renovation of internal combustion locomotives in the 2025-2026 fiscal year.Editor/Gao Xue