1. Foreign Exchange
Its foreign exchange activities increase progressively with deepening of reform and opening-up. In 2006 83 groups and 199 person-times of personnel from Yuhuan went abroad for business and 135 groups and 200 person-times of foreign persons visited Yuhuan in succession. It had successively set up Hong Kong Sodality of Yuhuan Townees and Yuhuan Sodality for Studying-abroad Personnel’s Dependents. In addition to the sodality activities for Yuhuan-born talents in Beijing and Shanghai, Yuhuan had held such activities in Beijing by organizing Beijing Chamber of Commerce, Shanghai Chamber of Commerce and Longxi Chamber of Commerce under Yuhuan Association of Industry and Commerce. Yuhuan Chamber of Commerce for Vehicle and Motorcycle had also organized its enterprises to Shanghai, Beijing and Frankfurt for exhibition, so as to popularize its parts for vehicles and motorcycles.
2. Foreign Economy and Trade
The momentum of rapid growth has been maintained in Yuhuan’s open economy, its foreign trade and introducing foreign investment ranking first in the city (county and urban district). In 2006, its social delivery value of exports amounted to 15.498 billion Yuan, 51.24% above that of last year. Its self-support foreign-trade amount came up to 1.502 billion US dollars, 59.06% above that of last year, in which self-support export reached 1.444 billion US dollars, 62.98% above that of last year, ranking first among Taizhou in total export and amplitude. In Yuhuan there appeared 141 new enterprises with the right in self-management of import ant export (totaling 785 enterprises of such type) and 33 newly approved projects with three kinds of investment (including 16 newly approved enterprises with foreign investment). Its agreed utilization of foreign investment amounted to 96.60 million US dollars (45.5% above that of last year) and its real utilization of foreign investment 73.65 million US dollars (74.4% above that of last year). Besides, Yuhuan newly approved 6 projects for economic cooperation with foreign countries, with total investment of 14.477 million US dollars. In 2006,it organized enterprises to participate in more than 10 fairs at home and abroad, including 105 lot-times of enterprises for exhibition abroad, with more than 190 person-times of exhibitors. Besides, it succeeded in holding the water-heating valves fair in Guangzhou twice. In order to attract investment and promote projects, it also organized personnel to attend Taizhou Conference of Merchants, Zhejiang Fair, American Zhejiang Week, German Zhejiang Week and Hong Kong Zhejiang Week. Much due to strengthening the implementation of foreign investment projects and the control on allocation of foreign investment did it made the historically best achievements in utilization of foreign investment, constantly improving its reputation.
