[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
The consortium of horse resources has won the total contract of Penang light rail system of 5 billion yuan, including vehicle signal and other subsystems, which is transmitted to the partner or Alstom to help the layout of the Belt and Road rail transit.Editor/Gao Xue
Sinoma International issued a US $515000 letter of guarantee for its Ethiopian subsidiary to support the Uganda grinding station project, holding 99% of the guarantee and helping to promote the the Belt and Road overseas projects.Editor/Gao Xue