Latest data of the Suzhou Municipal Bureau of Commerce showed the city’s overseas investment continued to remain the first in the province in 2018.
Guo Jinlin started a business in Suzhou in 1995 and his Dongyiyuan Group today has developed into a conglomerate of financial investment, real estate development, business, trade and operation management.
For Ethiopia's good investment environment, Guo began to make investment in the largest textile enterprise and other companies of furniture, machinery and trade in 2013. Dongyiyuan also invested in a logistics company in Djibouti in last year.
Guo said Dongyiyuan is implementing the "going global" strategy in response to the country's " Belt and Road" initiative. Africa has a good investment environment and the companies Dongyiyuan invested are all in sound development.
Data showed Suzhou added 239 new foreign investment projects in 2018 and the contractual overseas investment amounted to $2.682 billion, up 52.3 percent and 15.7 percent, respectively.
Suzhou’s overseas investment now reaches 99 countries and regions in the world, and the investment fields have become more diversified and included large-scale projects.
