Cixi City Crowns Top Ten Investment Destination
- Details
- Category: Ningbo District
- Published: Tuesday, 28 July 2015 10:19
By the end of June 2015, Cixi City has been crowned as the top player in China Top Ten Investment Destination 2015 with a stunning score of 88.67 points.
The integrated assessment, carried out by the Institute of China’s Urban Competitiveness, was benchmarked against Economic Development Index, Resource Conditions Index, City Image Index and Government Performance Index.
“What distinguishes the city in attracting businesses lie in convenient transportation, industrial chain, an enabling environment for different sectors and sound government policies”, said Zhang Jianxun, director of China Merchants of Cixi City.
The bridge city has a convenient transportation system that empowers the city as a transportation hub. Meanwhile, led by the project of attracting best minds, Cixi City endeavors to welcome more people and capital in a rational manner. 67 high-tech projects together with 430 highly-skilled overseas returnees, part of the Talents Attraction Scheme, have been included in the city’s effort to thrive. As part of its effort to attract investments and talents through businesses’ promotion, the city seeks to sign up more than 100 projects and 70 newly-registered projects by the end of 2015. According to the Group on the Comprehensive Commitment to Reform 2015, the work of 2015 will focus on the overhaul of 12 entrepreneurship and innovation mechanisms, the support of emerging sectors, of businesses under the auspices of Internet+ Initiative and start-ups.
Last year saw a number of strong track records, including the signing of 3 major projects concerning consumable items of medical polymer; a 550 million yuan investment in 3 projects regarding premium vehicles and electronic devices. Alongside that, we signed the contract concerning the establishment of the Institute of Mega-data Clouding Basis and Innovative Design worth of 2 billion yuan on June 8th. The project will help foster big data industrial cluster, Internet+ businesses, establish Mega-data Cloud Computing Institute, and provide e-services about political affairs, economic development and people’s wellbeing. In the first half of 2015, Cixi City welcomed 2.886 billion yuan of investments, of which 2.489 billion yuan came from outside Ningbo, an increase of 31.36% and 20.9% year-on-year respectively.
High-quality projects were grabbed by Cidong Binghai Economic Development Zone, Emerging Industries Cluster, Logistics Zone of Commodity Market, Modern Agriculture Development Zone, Minghe Scenic Zone. From January to May, 46% industrial output of emerging industries came from equipment manufacturing, electronics information, new energy and new materials, an increase of 6.2 percentage points. More than 20 equipment manufacturers teamed up with each other in manufacturing, including bearings, and other core parts and components. The industrial chain has emerged as a new hotspot of investment as a result.
