After more than half a year’s tracking, the BYD Intelligent Manufacturing Industrial Park project has beensuccessfully signed recently, with an investment of 1.5 billion yuan.So far, there are 137 newly-signed investment projects in the first quarter with an investment of 22.9 billion yuan, ayear-on-year project increaseby 44%.
In order to promote high-quality and stable economic growth, Yichang’sParty Committee and the municipal government have given investment-attracting the top priority by optimizingthe investment environment, by personal participation in the promotion by the heads of the city, and by affiliatingwith those leading enterprises whilefocusingon the real industry, thushaving achieved remarkable results and won the initiative in attracting investments.
To attract investment by China Merchants Group, a large-scale state-owned enterprise,Yichang City packagedthe strategic opportunities of the Yangtze River Economic Zone and its unique local characteristicsby comparingthe local industrial foundationwith the group’s industrial advantagesso as toclearly identifythecommon demand points; at the same time, majorleaders of Yichang’sParty Committee and its government ledthe team tovisit the Groupto increase mutual trust and strengthen theGroup’s determination. On February 26, the two parties formally signed a cooperation agreement, according to whichtheGroup will invest in a number of projects in five fields, including the comprehensive development of port parks, transportation infrastructure, industrial transformation and upgrading, industrial funds, and tourism development.
In the process of attracting investment, the citypays attention to the quality of projects and strengthens the recruitment of leading projects.It focuses on the conversion of energy of motion, strengthens investment in leading industriesanddeploys elite representativesat target cities to inviteinvestment, whileperfectingthe system and mechanism to strengthen its overall investment promotion. The city initiatesnegotiations with large companies such as China Shipbuilding Industry Corporation, China National Vehicle Corporation, and China Aerospace Science and Industry Corporation in fields such as new materials, new energy, bio-medicine, new-generation information technology, and high-end equipment manufacturing. Meanwhile, it has made breakthroughs in the promotion of strategic industrial cooperation amongmodern financial and logistics services, military-civilian industrial integration, culture,tourismandhealth care, promoting mergers and acquisitions bysuch large-scale enterprises as Renfu Pharmaceutical and Three Gorges Group in Yichang.Relying on TrumpchiYichang Base, it has introduced a batch of China’sleading auto parts production enterprises.
In order to increase the internal impetus to growth, the citytakestarget assessment as itsstarting point, and conductsbi-weekly briefings, monthly rankings, annual assessments, and annual competitions among13 cities, counties, and Gaoxin District, Yichang, in order to createa good atmosphere oflearning from and catching up with othersand excelling in the assessment.
(Originally reported by Hubei Daily on April 7, 2018.Reporter: Tang Yigui;Correspondent: Chen Jian, Gong Hongchao)