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  • Home > News > Details
    Trade fair attracts investment
    2016-02-02
    Lu Weidong, Party chief of Hai’an county, delivers a keynote speech at the 2015 Hai’an Golden Autumn Trade Fair. DING CONGRONG CHINA DAILY

    Located near Shanghai, Hai’an is a transport hub that connects neighboring cities, including Nantong, Yancheng and Taizhou. The county covers an area of 1,180 square kilometers, with a population of 960,000.

    The local government has attached great importance to public services, especially for investors from China and overseas, Lu said.

    More high-speed railway lines are being constructed in the county, making it an important traffic center in East China, he added.

    According to the county government, a large number of big companies, including Taiwan Glass Group, Taiwan YC Group, Shanghai Auto Industrial Corp Group and the Aviation Industry Corporation of China, have invested in Hai’an in recent years, making the county a competitive place to attract investment.

    Compared with many other counties, Hai’an has both convenient traffic and lower human resource costs.

    Local government statistics show that the area’s economic growth reached 51 billion yuan in the first three quarters of this year, about 9.8 percent more than last year.

    The incomes of rural and urban residents in Hai’an increased by 9.9 and 8.9 percent respectively in the first three quarters of this year, according to local government statistics.

    The county government has attached great importance to participating in the national Belt and Road Initiative, given its convenient geographic location. The initiative refers to the Silk Road Economic Belt and 21st Century Maritime Silk Road, which would use trade and investment to boost ties along the ancient trade routes and extended regions.

    Entrepreneurs from Hai’an county invested in 19 large projects in Southeast Asian countries, with a total investment of $350 million in industries including clothing, textiles, plantations, chemical production, agricultural produce and equipment manufacturing.

    Many local construction companies have also invested in countries along the Belt and Road route, and construction enterprises had total production worth more than 100 billion yuan last year.

    The local government said that it will make full use of its international cooperative platforms, such as the China-Italy Hai’an Ecological Park and the International Scientific Cooperative Base, to attract professionals in industries including robotics, energy saving and environment protection, transportation, modern logistics and modern agriculture.

    Contact the writers through dingcongrong@chinadaily.com.cn

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    © Copyright 2017 Invest in Yancheng
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