[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 March 28, 2026, the first phase of Wanhua Chemical Haiyang Green Power Industrial Park's 100000 ton lithium iron phosphate project was put into operation, and the second phase started simultaneously. The total investment of this project is 16.8 billion yuan, and it adopts the green power direct supply mode. It is a major project in Shandong Province. As the world's largest chemical giant in MDI production capacity, Wanhua Chemical has established battery materials as its second main business, relying on an 800 person R&D team to achieve mass production of its fourth generation products.Editor/Cheng Liting
On March 26, 2026, Wanji Aluminum (Xinjiang)'s 580000 ton electrolytic aluminum project started construction in the Camel Circle Industrial Park. The total investment of this project is 4.595 billion yuan, and it adopts a 600KA level large capacity electrolytic cell and intelligent control system. The DC power consumption per ton of aluminum is as low as 12430 kWh, and the energy efficiency is globally leading. As a key project for national capacity replacement, the project is planned to be put into operation in July 2027.Editor/Cheng Liting