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Hunan enterprise builds Chinatown in UAE

China.org.cn, 08 16, 2017
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Porcelain from Hunan, dark green tea from Yiyang and Chinese silk are among the commodities to be found in Ajman Free Zone’s Chinatown, UAE.

The town was invested by a Hunan enterprise called Bosen Industry.

On August 15, a press corps visited a number of enterprises in Changsha who spearhead the city’s efforts to go global.

“Porcelain from Hunan, dark green tea from Yiyang and Chinese silk all turn out to be quite popular among local shoppers. They have a penchant for tea,”said Zhang Jing, Vice President of Bosen Industry.

The company invested 120 million US dollars to build the Chinatown in Ajman Free Zone in 2014. The first phase of the project covers 280,000 square meters, of which 120,000 square meters are occupied by shops. Among the commodities available here, 90 percent are from China. There are over 10,000 people working in the Chinatown, of which 80 percent are Chinese.

“Shops built during the project’s first phase have all been rented; we are staring the second phase,” said Zhang.“Unlike the first phase, the second phase will also contain 2700 apartments in addition to shops.”

Moreover, Bosen Industry was named a commercial representative of the commerce department of Hunan Provincial People’s Government in UAE in 2015.

“Our job is to take Hunan enterprises overseas and help them secure projects in the Mideast,” said Zhang.“Besides, if they have any questions relating to their Mideast plans or investment, they can just come to us. We offer a full chain of services such as applying for a visa on behalf of them.”

If an enterprise has plans to invest in UAE, Bosen Industry will also arrange on-the-spot inspections for it.

Currently, 128 Hunan enterprises have settled in Ajman Free Zone’s Chinatown.

On the other hand, foreign enterprises are setting up operations in Hunan.

Entering the International Science and Commerce Service in Changsha High-tech Zone, you can see people of various nationalities working in the offices and talking business in a cafe.

There are already 20 foreign institutes present in the first phase of the Service and another 17 foreign institutes are waiting their turn when the second phase is under construction.

“We have over 20,000 enterprises in Changsha High-tech Zone. Before the Service was set up, they were sometimes cheated when investing abroad. Now they can use our service to find foreign partners,” said Li Weimin, the high-tech zone’s director of sci-tech exchanges with foreign countries.“The Service, the first of its kind in central China, has generated a lot of opportunities for Changsha.”

For instance, as brokered by the Indian Chamber of Commerce in Hunan, which is located in the Service, India’s Leela Group is making plans to build Leela-branded luxury hotels in China and hopes to locate the first one in Changsha, according to Li.

Since its operation in March 2015, the Service has been working hard to complement the resources of enterprises located in Changsha High-tech Zone with foreign resources through holding various promotional activities. By 2017, it has received over 400 Chinese and foreign delegations visiting it, held over 50 promotional meetings both at home and abroad, and sponsored over 60 salons.

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