Enterprises set foot in B&R economies

Businesses in Wenzhou are establishing operations in overseas economic and trade zones to serve the purpose of the nation's Belt and Road Initiative.

Some 53 newly established overseas projects invested by Wenzhou companies are situated in countries and regions related to the initiative, accounting for roughly one-third of all overseas investments made by the city in the past five years, according to data from the city's commerce bureau.

Enterprises poured in some $1.66 billion in three national-level economic zones in Russia, Vietnam and Uzbekistan, and one provincial-level park in Serbia. All those investments are supervised by the Wenzhou city government.