The signing ceremony [Photo by Liu Yonglu and Li Tingyu]
On December 11, Yinchuan, Ningxia, held a signing conference on industrial investment promotion and financial assistance to the substantial economy. Zhao Xuhui, member of the Standing Committee of the CPC Ningxia Hui Autonomous Region, secretary of the CPC Yichuan Committee and mayor of Yinchuan, attended the signing ceremony.
During the signing ceremony, 90 key industrial projects, including a photovoltaic new material industrial park, a photovoltaic bracket manufacturing and digital intelligence logistics platform, and a dairy industrial park, were signed, with a total contract amount of 50.33 billion yuan (about $7.2 billion). Furthermore, 6 financial projects, including the financing cooperation agreement for the technical transformation project of Yipin biological yeast extract, were signed with a supporting fund of 5.23 billion yuan.
The projects with an investment of more than 100 million yuan primarily focus on new materials, clean energy, wine, and milk, among which, 12 signed projects in the Yinchuan Economic and Technological Development Zone with an investment of 10.39 billion yuan; 21 signed projects in Lingwu with a total investment of 20.86 billion yuan; 4 signed projects in Helan county, with a total investment of 5.96 billion yuan; 9 signed projects in Yongning county, with a total investment of 1.09 billion yuan; 7 signed projects in Xingqing district, with a total investment of 2.17 billion yuan; 16 signed projects in Jinfeng district, with a total investment of 4.62 billion yuan; 11 signed projects in Xixia district, with a total investment of 723 million yuan; 4 signed projects in Yinchuan Comprehensive Bonded Area, with a total investment of 2.26 billion yuan; and 5 signed projects in Suyin Industrial Park, with a total investment of 2.26 billion yuan.
Since this year, Yinchuan has focused on the construction of industrial chain. In addition to holding investment promotion activities online and offline, the local government has also gone to Beijing, Fujian and other areas to carry out 178 batches of investment promotion, docked 408 key enterprises’ projects, and had 124 projects with investments of 103 billion yuan under discussion. By the end of November, a total of 648 investment promotion projects were implemented in Yinchuan, with the annual planned investment of 98.4 billion yuan, up 9.4% year on year.
The signing ceremony [Photo by Liu Yonglu and Li Tingyu]
