Economy of Hechi industrial parks in the first half of 2017

1. Major figures

In the first half of 2017, the total industrial output value of industrial parks in Hechi reached 12.19 billion yuan ($1.92 billion), an increase of 35.3 percent over the same period in 2016. This is 57 percent of the 21.3 billion yuan goal set by the autonomous region. The region's total industrial value reached 3.17 billion yuan, an increase of 31.89 percent over the same period in 2016. This is 61.71 percent of the region's 5.14 billion yuan goal. The region's tax revenue reached 352 million yuan, an increase of 40 percent over the same period in 2016.

2. Infrastructure construction

In the first half of 2017, industrial parks in Hechi invested 339 million yuan in infrastructure construction, an increase of 19.7 percent over the same period in 2016.

3. Projects

In the first half of 2017, industrial parks in Hechi invested 1.32 billion yuan in 46 industrial projects, among which 237 million yuan went to 13 new projects, 949 million yuan went to 27 existing projects, and 132 million yuan went into completing six other projects.

Huanjiang Jiukai Wood Company invested 150 million yuan in a hardwood floor project; Xin'aoshengfu Energy Development Company invested 120 million yuan in a project involving the comprehensive utilization of energy; Hechi Wuji Company invested 120 million yuan in upgrading antimony smelting technology; Huying Cement Company invested 280 billion yuan in building a cement grinding station; Nanfang Non-ferrous Metals Company invested 930 million yuan in an energy conservation project, 1.07 billion yuan in a zinc hypoxide recycling project, and 126 million yuan in a project involving the comprehensive utilization of tailings; Lianfeng Mining Company invested 320 million yuan in a stone slab processing project and 120 yuan in a pvc high-polymer material processing project.

4. Investment promotion

In the first half of 2017, industrial parks in Hechi introduced 13 new projects costing a total of 1.29 billion yuan. There were four projects costing above 100 million yuan. Yusheng Non-ferrous Metal Company invested 978 million yuan in a zinc recycling project; Li'ang New Energy Company invested 180 million yuan in a biomess power generation project; Hechi Xiandai Environmental Science and Technology Investment Company invested 190 million yuan in a hazardous waste disposal project; Xin'ao Energy Development Company invested 120 million yuan in an energy station project.

5. Existing problems

The industrial parks have poor infrastructure due to a shortage of funding for infrastructure construction. Also, with a limited number of projects, the industrial parks are having difficulties attracting investment. In the first half of 2017, the industrial parks in Hechi introduced 13 new projects, yet some industrial parks didn't introduce any new projects and the development of the parks lacked momentum. In addition, the industrial parks’ industrial structure needs to be improved and the scale of their projects needs to be increased. The total value of the parks' products is also generally low. Furthermore, companies are facing financial trouble.

6. Tasks for the latter half of 2017

Firstly, industrial parks will make greater efforts to attract business and investment. They will introduce large-scale projects with great development potential and advanced technology.

Secondly, industrial parks will press ahead with infrastructure construction. They will do everything possible to obtain funding to improve infrastructure and facilities, as well as build environmentally friendly parks.

Thirdly, industrial parks will offer follow-up service to already introduced projects and help companies solve problems in order to guarantee that projects operate smoothly, which will stimulate the development of the industrial parks' economies.