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In the first half of this year, the combined investment in foreign countries made by companies in Xinchang county, Shaoxing, accounted for 83.4 percent of the city's total, according to local authorities on July 26.

The combined investment in foreign countries made by Xinchang companies amounted to $197.33 million during the period.

Zheng Chunyong, chief executive of Sanhua Mexico Investment Co Ltd, said that the factory built by Sanhua Group in Mexico began operations in 2015.

"In January, we purchased 16 hectares of land in Mexico and began to build an industrial park in May," said Zheng. According to him, the company now has a more than 60 percent of share of the Mexican microchannel heat exchanger market.

Another Xinchang company, Jiecang Linear Motion, has set up a branch in Malaysia.

"We hope to utilize the favorable policies and advantageous position in Malaysia to improve our products' competitiveness," said a representative of the company.

According to the representative, the company had also acquired Austrian firm LogicData. After the acquisition, both companies will share resources and promote research, production and branding.

The local government in Xinchang has taken many measures to encourage local companies to go global.

Wang Xiaoxia, director of the Xinchang commerce bureau, said that the bureau has been organizing local foreign trade companies to take part in various trainings as well as import and export fairs to help them explore the overseas market.