Taizhou sees steady influx of industrial investment

Taizhou holds an investment promotion event in Shanghai. [Photo/WeChat account: tzfabu]

According to the Taizhou commerce bureau, from January to July, the city's project attraction efforts have been paying off, with a total of 227 significant projects signed into effect, each with an investment exceeding 500 million yuan ($70.13 million) or $30 million, totaling 261.59 billion yuan and marking a year-on-year increase of 23.37 percent and 76.31 percent, respectively.

Among these, there were 21 foreign-funded projects with a total investment of $3.08 billion.

During the same period, Taizhou has secured 79 projects each with an investment exceeding 1 billion yuan or $100 million, amounting to 187.7 billion yuan in investments.

Geng Xiaoli, director of the commerce bureau, highlighted that the projects span various sectors, including 20 projects in the healthcare industry, two projects in marine equipment and high-tech shipbuilding, 21 projects in automotive components and precision manufacturing, 10 projects in chemical and new materials industries, and 22 projects in the solar energy and lithium battery sectors.

The role of key industrial parks in attracting investment continues to be prominent, with a positive trend in the realization of previously-signed agreements. By the end of July, out of the 29 projects signed into effect at the municipal level this year, 14 projects have already begun the initial stages of implementation.

"Securing these investments represents a breakthrough, and the various investment promotion activities have been crucial," said Geng. In July alone, the city hosted three promotional events to further bolster investment prospects.