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Quzhou launches promotion drive to attract investment

chinadaily.com.cn| Updated :2020-10-16


The signing ceremony for a major investment attraction project is held in Quzhou on Oct 15. [Photo/ zj.zjol.com.cn/]

The city of Quzhou in East China's Zhejiang province on Oct 15 implemented a major investment marketing drive – called "Observe each other, compete with each other and learn from each other" – according to local officials.

They said the municipal government of the city's Qujiang district signed off on the construction of a 200,000 ton per year aluminum alloy ingot plant and a separate 200,000 ton aluminum alloy parts plant with Quzhou Yongchuang Aluminum Industry Co Ltd and Zhejiang Huadian Wuxijiang Shuili Power Generation Co Ltd, respectively.

In addition, a framework agreement for a total investment worth 4.25 billion yuan ($635 million) also was signed during the event.

From January to September, Qujiang managed to attract 38 new projects worth more than 100 million yuan each, among which six projects were worth more than 1 billion yuan.

Officials said that in addition there were another 13 new projects worth more than 100 million yuan -- among these, two projects worth were more than 1 billion yuan -- that had already started, with a task completion rate of 93 percent.