[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

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• 2026.07.28 11:33
• [Urumqi Water Conveyance Project EPC Awarded to Local Consortium]
• The dust has settled on the EPC section of the Ganquanbao Wulabo water transmission and lifting project, and Xinjiang Institute has led a consortium to win the bid with 4.114 billion yuan. The project has a construction period of 30 months, delivering 177 million cubic meters of water annually, constructing a dual channel of north to south water diversion, and optimizing the water resource pattern in Urumqi. Editor/Min Jing

• 2026.07.28 11:32
• [Wuhan Baihushan LNG Base Finishes Tank Pile Foundation Work Despite Rainy Season Hurdles]
• Recently, the construction and testing of 304 storage tank pile foundations in the first phase of Wuhan Baihushan LNG storage and distribution base have been completed, with Class I piles accounting for 99%. The project developed a special plan for the rainy season to address the complex geological and rainfall impacts, successfully achieving key milestones and helping to strengthen the natural gas supply capacity in Central China. Editor/Min Jing