Investment of Hechi in new normal economy

From January to November 2014, Hechi carried out 19 foreign investment projects and used a combined foreign capital of $90.58 million. This amounted to a growth of 26.9 percent compared to the previous year, amounting to the largest growth rate in Guangxi. Cooperation with many prominent companies, such as Country Garden, Red Star Macalline, Guangzhou Dongsong Group, Alibaba and the World Eminence Chinesebusiness Association (WECBA), were included on the project list.

Facing the pressure of the post 2008 economic downturn and less appetite for investment among companies, the Hechi municipal government concentrated its efforts at promoting the development of industries and focused on a batch of important projects to attract businesses and investment. They did this through a strict implementation of relevant policies, by fulfilling promises of giving preferential policies to companies and boosting companies’ willing to invest in Hechi.

In order to strengthen the impetus and executive force of the investment promotion and capital introduction, the Hechi municipal Party committee and municipal government vigorously promoted a series of activities to help enterprises solve difficulties during the process of production, operation and project construction. Local government held a lecture on the topic of “enterprises’ most unsatisfied things”, offered the tracking and contacting services to target companies, and updated the latest news of investment projects.

The Hechi municipal government also cooperated with chambers of commerce like WECBA, Alibaba and the Shanghai Equity Exchange to expand the platform of investment promotion.

Measures implemented in the investment projects by the local government have helped to bolster Hechi’s economic growth. In the first 11 months in 2014, Hechi implemented 415 domestic-investment projects (164 new signing projects). The domestic funds outside Hechi amounted to 22.86 billion yuan ($3.67 billion), up 1.19 percentage points compared to last year, and the domestic funds outside Guangxi increased 2.04 percent from one year earlier to 20.11 billion yuan.

At the 11th China-ASEAN Expo (CAEXPO), 37 projects were signed, with a total combined investment of 33.42 billion yuan and creating a new record in the history of CAEXPO.

Edited by Jake Hooson