Taizhou Xinghua State Owned Assets Investment Holding Co Ltd in Xinghua city – administered by Taizhou city in East China's Jiangsu province – has planned 25 development projects in collaboration with local townships to achieve a win-win result.
The projects are related to the fields of industrial investment, rural vitalization, ecological and environmental protection, energy, and social services.
The Xinghua Inland River Shipbuilding Industry Park which is now under planning is a prime example. It is invested in by the State-owned company and is being jointly constructed with Changrong town, where the project is located.
The inland ship repair and construction industry is an advantageous sector in Xinghua, and the park will promote the transformation and upgrading of the industry.
Elsewhere, the preliminary work of bidding, auctioning, and listing for a standard factory building project in Xinduo town was completed on Oct 6. With a planned area of 87 mu (5.8 hectares), the project is being co-built by the company and Xinduo town.
"We do not need to invest any money and this idle land has finally been revitalized," said Zhu Danwei, a town official. The project will bring rent and tax sharing to the town, as well as help villagers land jobs.
"Through such cooperation, State-owned companies are relying on township resources to promote physical development, and townships can harvest financial benefits and tax revenue from the resources of State-owned companies," said Liu Hong, a Xinghua official.
A bird's-eye view of Xinduo town in Xinghua. [Photo/WeChat account: xinghuafabu]