Manufacturing base of Great Wall Motor in Taizhou (CFP Photo)

From January to November, Taizhou saw signing of 251 new projects above the investment threshold of 500 million yuan, up 68.46 percent year on year. The total investment of these projects reached 249.088 billion yuan, an increase of 78.23 percent, according to Jiangsu media on 28 Dec.

Taizhou has made strides in hosting major investment projects. The average investment of newly agreed projects reached 992 million, a year-on-year growth of 5.8 percent. Among them, 13 new projects have an investment of more than 3 billion yuan each. In particular, two new projects exceeded the threshold of 10 billion yuan.

In breakdown, over 70 percent of the new projects are in the field of manufacturing. There are 24 new projects in biomedical and new medical device sector, 51 in high-end equipment and shipbuilding and another 30 in the field of chemical and new material.

Data also showed more than 70 percent of the domestic-invested projects came from the Yangtze River Delta region, with 31 projects invested by major SOEs, leading private companies and those on the list of the Fortune 500. This represented a double growth than in the same period last year.

Taizhou has strengthened efforts in attracting investment. The city introduced the 2020 Investment Activities Plan to identify eight key tasks, published a new version of the investment guide, and increased publicity efforts with a new promotion film.

Despite the pandemic disruption, Taizhou has adopted innovative measures to become a hot investment destination. The city has developed a digital platform to facilitate investment and improved promotion of industrial parks, enterprises, projects and industry chain.