Domestic Cotton Market Downturn In Shandong Province
Although this year's Shandong
cotton
The market downturn is sluggish, but this does not affect Shandong enterprises to go abroad to grow cotton.
According to the data of Shandong Provincial Department of Commerce, in the face of the favorable opportunity of the international economic downturn, in November, Gaomi cotton enterprises invested 100 million US dollars in cotton planting and processing projects in Zimbabwe to become the epitome of Lu enterprises accelerating the pace of overseas investment.
A few days ago, we learned from the Shandong Provincial Department of commerce that Gaomi City Jinmian Technology Co., Ltd. and Zimbabwe Marco Park Private Limited invested 100 million US dollars in Zimbabwe to jointly set up jinmike Zimbabwe cotton (private) Co., Ltd., which has been approved and approved by the Shandong provincial development and Reform Commission, the provincial commerce department and the Ministry of Commerce.
Become the first province in Zimbabwe province to engage in cotton planting and processing projects.
Shandong's commerce department data show that due to the downturn in the international economic situation, some major economies are accelerating.
Slide downward
For overseas
Merger
And investment creates opportunities.
In October, 24 newly approved overseas enterprises (Institutions) were invested overseas by the province, and the Chinese side agreed to invest $140 million, an increase of 4.3% and 49.7% respectively.
Among them, 5 newly approved overseas resources development projects, and China's agreement investment of US $79 million 910 thousand, increased by 25% and 81% respectively, involving potassium salt development, cotton cultivation, wood processing and other fields; 5 newly approved overseas pfer projects with superior capacity, 27 million 880 thousand US dollars in investment agreements, 25% and 39% growth respectively, 11 new approved R & D marketing network projects, and Chinese investment of 25 million 700 thousand US dollars.
The newly signed contract for foreign contracted projects amounted to 1 billion 680 million US dollars, an increase of 5.7%. It mainly signed two new power plant projects in India, with a contract amount of 1 billion 420 million US dollars.
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