The port logistics industrial park – located in the Taizhou Medical High-tech Zone in Taizhou city, in East China's Jiangsu province – is picking up its pace in order to attract new projects.
The goal is for it to sign up 45 projects with an investment of over 100 million yuan ($14.65 million) each this year.
Park official Zhu Haitao said that project attraction was the top priority of the park this year.
In terms of port-centered industry, the park will focus on the development of a 2.2-kilometer deep water shoreline and the back hinterland, making efforts to attract projects with a large investment scale, high industrial level and full driving potential.
For the pharmaceuticals industry, greater efforts will be made to attract leading enterprises that provide R&D and production services – and to focus on promoting high-tech projects with strong growth potential and big capital.
Furthermore, for intelligent manufacturing industry, the park will leverage the effect of leading enterprises like Taizhou Branch of Great Wall Automobile Co Ltd, to attract a number of auto industrial projects.
Last year, the park generated GDP of 14.49 billion yuan, general public budget revenue of 435 million yuan and total imports and exports hit $1.4 billion.