Wuyi county in Jinhua, East China's Zhejiang province, saw its fixed asset investment growth rate reach 17.6 percent from January to October this year, according to local media outlets.
The growth rate was 3.8 and 7.5 percentage points higher than that of the city and the province overall, respectively. Its growth rate was the highest in the city for eight consecutive months.
Investment in manufacturing, private projects, and high-tech industries increased by 88.6 percent, 62.6 percent and 54.2 percent year-on-year, respectively.
Wuyi has been working to expand effective investment and optimize its investment structure. In the same period, the county's private investment accounted for 80.1 percent of fixed asset investment, and industrial investment accounted for 44.1 percent of fixed asset investment, a significant increase over the same period last year.
This year, the main government leads of Wuyi county visited local cities such as Hangzhou, Shanghai, and Jiaxing to carry out matchmaking and promote its business environment.
From January to November this year, the county signed agreements for six manufacturing projects, each with an investment of more than 1 billion yuan ($143.61 million), including one project with over 5 billion yuan in investment.
Wuyi has also been making efforts to optimize its business environment and improve government services to simplify procedures for project application and construction. Over the past two years, 95.68 percent of initial projects have started construction - the second highest rate in the city.
