Sichuan's Foreign Economic Cooperation in 2021
Website of Sichuan Provincial Department Of Commerce2022-01-28

Overseas Investment: In 2021, Sichuan registered 80 newly filed enterprises for overseas investment, a year-on-year increase of 25%, while its outbound direct investment (ODI) reached USD 1.05 billion, decreasing by 13.2%. Specifically, 6 enterprises were newly filed in December, when the amount of the province's ODI was USD 110 million, up 83.3%. This ODI was mainly used in leasing and commercial services, manufacturing and wholesale and retail sectors. The top three countries (regions) absorbing Sichuan's ODI were Hong Kong (China), Singapore and Australia. By the end of 2021, Sichuan had approved and filed a total of 1,265 enterprises for overseas investment in 77 countries or regions, and the cumulative ODI amount on record had reached USD 23.89 billion. The top five countries (regions) receiving Sichuan's ODI were Hong Kong (China), Australia, Singapore, the United States and Germany.

Foreign project contracting and labor service cooperation: In 2021, the turnover of the province's foreign contracting projects touched USD 6.47 billion, an increase of 25%. In December, the completed turnover was USD 1.27 billion, up 67.1%. The newly signed foreign project contracts were worth USD 9.04 billion, up 45%. These projects, mainly engaged in petrochemical engineering, electric power engineering and transportation, were signed with more than 80 countries or regions. The top five countries (regions) in terms of the project contract amount were Ukraine, Bangladesh, Egypt, the Russian Federation, Indonesia and Thailand. The province dispatched 6,955 labor workers of various types, remaining basically the same compared with 2020. At the end of the month, the number of workers abroad was 16,105. The top five countries (regions) having labor service cooperation with Sichuan were Laos, Pakistan, the Russian Federation, Indonesia and Israel.