Taizhou city aims to sign up 300 projects each worth $72m

Taizhou city – located in East China's Jiangsu province – pledged to sign up at least 300 projects worth more than 500 million yuan ($72.35 million) each this year, including at least 70 international-funded projects, according to a municipal investment attraction conference held on March 1.

A package of documents detailing Taizhou's 2023 investment promotions program was issued at the conference and several heads of investment attraction projects shared their experiences.

Experts from PwC – the international, London-based accounting and financial services firm – were invited to give a briefing on innovative methods to attract investment.

In line with the current year's plan, the introduction activities will be held in the form of a series of investment promotions events, investment attraction weeks and outbound trade and economic delegations.

The Taizhou municipal commerce bureau holds an investment promotions conference in Tokyo during a visit on Feb 17-24. [Photo/WeChat ID: tzfabu]

Xu Wenjin, vice mayor of Taizhou city, said that there would be an event each quarter in different major Chinese cities including Shenzhen, Hangzhou and Shanghai. He added that the municipal government would also undertake five overseas activities this year.

Taizhou officials visit Beijing to attract investment on Feb 13. [Photo by Zhang Weibing, Pan Rongjin]

In spite of the effect of COVID-19, Taizhou city managed to sign up a large number of 500-million-yuan projects last year, which equated to a 17 percent increase on its original target.