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Jingzhou gives top priority to investment promotion, pools new drivers for development
Updated: 2021-10-24 16:26:46

In recent years, the CPC Jingzhou Municipal Committee and the Jingzhou Municipal People's Government have given top priority to investment promotion, pressed ahead with investment promotion, reshaped the investment promotion pattern, optimized the business environment and brought in a number of fine and major projects, laying a solid foundation for Jingzhou to accelerate the building of a regional center city.

Since Jingzhou released the 2021 Municipal Work Plan for Achieving Key Breakthroughs in Investment Promotion in early 2021, departments in Jingzhou have focused on bringing in major industrial projects. As Midea Refrigerator Jingzhou Industrial Park with a total investment of 3 billion yuan broke ground on February 3, 2021, Midea that had operated in Jingzhou for years embarked upon a new journey towards becoming the world's largest refrigerator production base. Midea Washing Machine Jingzhou Industrial Park with a total investment of 5 billion yuan broke ground in Jingzhou on March 18, aiming to be a world-class "lighthouse" plant.

Now Jingzhou's white goods intelligent manufacturing industry chain led by Midea is improving day by day and marching towards becoming an industry with an output value of 100 billion yuan. Traditional industries are upgrading and emerging industries are growing constantly. Jingzhou has seized the opportunity from the confluence of Haolebaoji-Ji'an Railway and Yangtze River Golden Waterway in Jiangling, to plan and build a new energy materials industry base with a total investment of over 100 billion yuan and an output value of over 100 billion yuan. The project of Hualu-Hengsheng Energy Chemical Base with a total investment of 10 billion yuan settled in Jingzhou in October 2020 and is now under construction. The provincial investment promotion work conference was held in Jingzhou on July 28, 2021, at which some key investment promotion projects with a total investment of 25 billion yuan were signed to move into Jingzhou. Among the signatories, Dehua Chemical from Shandong followed its upstream enterprise Hualu-Hengsheng to Jingzhou to manufacture high-end electronic chemicals with Hualu-Hengsheng's products as raw materials.

As the only national industry accommodation demonstration zone in Hubei, Jingzhou has polished the golden brand, strengthened and extended industry chains in a targeted manner. Since the beginning of this year, with focus on "6+1" leading industries, Jingzhou has guided its counties and cities in conducting investment promotion based on "1+2" leading industries. In the first three quarters, Jingzhou reported 379 newly-signed projects with a contract amount of over 100 million each, fulfilling 75.8 percent of the annual target, including 305 industrial projects, fulfilling 87.1 percent of the annual target (industrial projects accounted for 80.5 percent of newly-signed projects). Among these projects are 64 major projects with a contract amount of 1 billion yuan each, representing 80 percent of the annual target.

After releasing the 32 articles on business environment optimization last year, Jingzhou released another 22 articles this year to duly address bottlenecks and difficulties such as energy consumption and land use, and serve all-round, all-field and full-process investment promotion. Nine Dragons Paper's project that settled in Jianli last August broke ground within only two months after contract signing.

Nine Dragons Paper's factory in Jingzhou has set a record among its factories worldwide. Recently Nine Dragons Worldwide Investment Limited has decided to invest an extra 7 billion yuan to further expand the production capacity of the factory in Hubei and improve product quality.


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