A commencement ceremony for 40 industrial projects in the Hai'an Economic and Technological Development Zone was held on July 28. Gu Guobiao, Party secretary of Hai'an, a county-level city of Nantong, attended the ceremony and gave a speech.

Project construction in Hai'an has shown a good momentum of development since the beginning of the year. Construction on 26 major projects worth over one billion yuan ($142.8 million) was begun, and five of them are worth over two billion yuan.

With total investment of 19.86 billion yuan, the 40 new industrial projects include six foreign-funded ones with investment of $365 million and 10 major projects worth more than one billion yuan.

Gu announced the start of the projects and said that such major undertakings are an important guarantee of achieving high-quality economic development. The Hai'an Economic and Technological Development Zone should reinforce organization and create new methods in investment promotion. Meanwhile, it should strive to obtain breakthroughs in attracting extra large projects with investment of five billion or even 10 billion yuan.

The development zone should also lay emphasis on upgrading its platforms and plan, construct and manage them to high standards, keep on enhancing its ability to house projects and absorb resources and influences of various specialized parks such as robotic and intelligent manufacturing industrial parks. For example, the Chang'an modern textile technological park and the Taiwan business industrial park could provide better and stronger support for project settlement in the zone.

Forty industrial projects with investment of 19.86 billion yuan start construction in Hai'an Economic and Technological Development Zone on July 28. [Photo/WeChat account: hafbwx]