Yuyao China-Foreign Trade and Economic Co-operations

　　Foreign Trade and Economic Co-operations

　
Yuyao's economy has been seen a rapid development since the country adopted the opening-up policy. The total export delivery value in 1998 reached 7 billion yuan, 280 million yuan of which were conducted by the city itself. The city holds a strong appeal for overseas investors. So far, as many as 472 foreign-invested enterprises have been granted business licenses, with overall investment at US＄8.69 million, registered capital at ＄5.15million and contracted foreign investment at US＄3.05 million. Among the 472 companies, 338 are Sino-foreign joint ventures, 19 co-operative companies and 115 foreign owned firms. Countries and regions that have invested in the city include the United States, Japan, Germany, Italy, Singapore, Canada, the Philippines, Australia, Switzerland, the united Arab Emirates, the Czech Republic, Hungary, Syria, Jordan, Republic of Korea, Sough Africa, Hong Kong, Taiwan and Macao. Meanwhile, Yuyao has established seven manufacturing enterprises in the United States, the United Arab Emirates, Australia and Hong Kong as vehicles for conducting foreign trade and economic cooperation.


Fuda eletrical appliances	Yunhuan Group

　　To embrace the pending 21st century, Yuyao will continue to optimize its opening-up pattern in both scope and depth.。