Wood fireplaces produced by Ningbo Hongsheng Fireplace Co., Ltd. are hot on American websites like eBay and Amazon. LED lights produced by Ningbo Liaoyuan Co., Ltd. sell well in countries like Equatorial Guinea and Venezuela. These are demonstrations of Yuyao’s enterprises proactively integrating with the world market, participating in the construction of “One Belt and One Road” and accelerating the speed of “going out”. By the end of 2014, Yuyao had put foreign investment in 58 countries and regions in five continents. In 2014, Yuyao approved 26 new overseas enterprises with Chinese investment of 148 million US dollars and gained 99.27 million US dollars from overseas contracting projects, an increase of 20.7% and 20.3% than a year before respectively. In the first quarter of 2015, Yuyao approved 6 new overseas enterprises with Chinese investment of 25.2 million US dollars and gained 35.09 million US dollars from overseas contracting projects.
In 2014, 26 Yuyao’s enterprises set overseas enterprise in America, Germany and other countries and regions. These enterprises adopted various forms of investment and broadened their development space by setting up international business network, realizing cross-border e-commerce, establishing overseas R&D branches and implementing international merges and acquisitions. With the help of Italian and French designers, Ningbo UTEC Electric Co., Ltd. established overseas R&D center to improve the R&D abilities of domestic company and establish its own brand. Besides, the company set up sales centers in America, Germany, France and Middle East with an increase of 33% in its output value in 2014 than a year before. Ningbo Hongsheng Fireplace Co., Ltd. not only registered its own brand in Germany but also achieved cross-border e-commerce. Their products’ favorable rate on American websites like eBay and Amazon reached 99.5%. In the first quarter of 2015, their output value reached 3.353 million US dollars, an increase of 67% than the same period of last year.
On the one hand, products, service and capital need to go global. On the other hand, we need to introduce advanced theories, talents, technology and information. Ningbo Jinhui Photographic Equipment Co.,Ltd acquired the British most established photography company, Patterson Photographic Studio. At the same time, the company became a world-famous supplier with an annual profit ratio of over 50% in three consecutive years by setting up R%D department and sales channels and giving global licenses. Sunny Optical Technology (Group) Co.,Ltd successfully bought shares of America’s MENS Mobile Devices Company and Israel’s  Mundus Visual Company in 2014.
Yuyao’s “ going global” enterprises are dedicated to developing “One Belt, One Road” market. Liaoyuan Co., Ltd has established strategic partnership with big stated-owned companies and developed contracted illuminating engineering projects in  Malaysia, Trinidad, Tobago, Ghana, Ivory Coast and Iraq.  The total amount of contracts reached   214 million yuan in recent 3 years. Liaoyuan Co., Ltd  won the bid of 8.6 million US dollars  in 2014 to participate in electricity reconstruction project in Trinidad, Tobago and Ghana.  “ We will deepen the cooperative relationship with stated-owned companies and develop the cooperation with the related countries of “One Belt, One Road” to promote the development of this strategy,” said Shao Yunzheng, president of Liaoyuan Co.,Ltd. 
Up to now, 341 overseas enterprises, equaling to one sixth of the total number of Ningbo, have been authorized by Yuyao and the amount of overseas investment was over 630 million US dollars.