Chongchuan seeks to boost investment
The efforts by the Chongchuan Economic Development Zone in Nantong, East China's Jiangsu province to boost investment have been paying off, with the zone receiving $104.66 million in foreign capital in the first six months of this year, official statistics show.
Deals for 30 projects based in the zone were signed during that period. Five of these projects were worth over 500 million yuan ($72.45 million) each.
The zone had the third highest number of industrial projects among Nantong's 13 provincial economic development zones in the first half of this year.
Authorities recently rolled out another series of measures to attract investment. Among them is the creation of a mechanism that requires government officials to lead teams to other cities to attract investment every week.
Working staff have since gone to cities such as Beijing, Shanghai, Guangzhou and Shenzhen to conduct field investigation that would yield more information about industries including new-generation electronic information, biomedicine, new materials and intelligent equipment. As of Aug 26, authorities had engaged with more than 10 enterprises.
A department focused on coordinating work related to attracting investment among relevant agencies has also been step up, and steps have been taken to improve the effectiveness of investment attraction endeavors.
For example, more resources have been channeled towards engaging with Chinese State-owned enterprises such as China Communications Construction and China Metallurgical Group.
The Chongchuan government has also established cooperative ties with Beijing Zhongguancun Information Valley Asset Management Co Ltd to bolster the development of the zone's information industry.
