In a bid to attract more investment, the Taixing Economic Development Zone, situated in Taixing city, East China's Jiangsu province, is making a big move.
This year it will shift from its old strategies of competing on discounts, resources and policies to new ones that involve competing on professionalism, services and with its great business environment.
The zone plans to hit its target of signing up more than 35 projects worth over 100 million yuan ($13.78 million) each throughout the year, including four projects worth over 10 billion yuan each.
The new strategies explore new development methods for the zone's industries. The zone will remain steadfast in its pursuit of developing fine chemicals, emphasizing its determination to attract electronic chemical projects such as wet electronic chemicals, high-purity electronic specialty gases and more.
A chemical production plant operates in the Taixing Economic Development Zone. [Photo/WeChat account: txfabu]
In terms of strategic emerging industries, the zone will focus on developing biotechnology products such as biomedicines, daily chemical beauty products and medical devices in the field of pharmaceuticals and daily chemicals.
It will also focus on developing new polymers such as downstream composite materials for olefins, high-end resins, engineering plastics and biodegradable plastics in the new materials sector.
Future industries will also be a focal point for the zone throughout the year.
Plans are for the zone to innovate in its methods to attract investment, including strengthening communication with professional institutions such as international investment promotion agencies, consulting firms and fund companies.
In addition, the zone will improve the quality and efficiency of implementing projects, especially focusing on key links of industrial adaptation, safety and environmental protection and construction and approvals services.