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Jiaxing Ranks Second in Utilizing Foreign Investment in First Quarter

Release date:2021-07-06 16:40

       In order to make greater progress in opening up and act as a pioneer of attracting high-quality foreign investment, Jiaxing has made measures to attract foreign investment to industrial chains to promote Jiaxing’s tremendous changes and improvement. According to the statistics released by the Commercial Bureau of Jiaxing, the foreign investment utilized in Jiaxing amounted to USD 1.571 billion in the first quarter, ranking the second in Zhejiang, breaking a new record in history and achieving a year-on-year growth of 98.5%.  

       In recent years, Jiaxing has intensified efforts to attract investment to leading industrial chains and to the industrial clusters with a 10-billion-yuan annual output value to enhance the quality and reputation of Jiaxing’s manufacturing industry.

For this purpose, the city has taken measures to support the high-quality development of the industries concerning biological medicine, hydrogen energy and industrial Internet, and formulated the development map of industrial chains. 12 top-end industrial parks have made their development plans and specified the major fields of investment attraction. Each county (county-level city and district) has organized professional investment attraction teams and established industrial development funds to attract investment to the major fields.  

  For example, Tongxiang City takes local major enterprises like China Jushi Co., Ltd., Huayou Cobalt and Hozon Auto as the “heads” of the industrial chains, and requires the heads of industrial platforms and relevant authorities to act as the “leaders” of the industrial chains to give play to main leaders’ roles in investment attraction. With Huayou Cobalt as the “head” of the industrial chain, the cobalt industrial chain has come into being. A global power battery industrial base has been built with core competitiveness. This chain covers cobalt ores, production cobalt chemical products, battery materials (ternary cathode materials, filtering membranes, high-performance foils), battery manufacturing, power

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