Agreements for a total of 36 major industrial projects costing 44 billion yuan are signed in Wenzhou on Jan 3. [Photo/WeChat account: wenzhoufabu]
Wenzhou, a city in East China’s Zhejiang province, is trying to attract investment with agreements for 36 major industrial projects costing 44 billion yuan ($6.39 billion) signed on Jan 3, the first working day of the New Year, local media reported.
The projects cover a variety of fields including high-end intelligent equipment manufacturing, new energy, services and cultural tourism. Among them are 18 manufacturing projects with a total investment of 24.8 billion yuan. Twelve of the projects cost more than 1 billion yuan each.
Zhang Zhenfeng, mayor of Wenzhou, said at the signing ceremony that the city is stepping up the development of two large industrial clusters costing more than 1 trillion yuan.
The signed projects are technology-intensive and have bright prospects, and will spur on the development of the city’s economy, Zhang said, adding that they also show that entrepreneurs are confident in the future of Wenzhou and are interested in doing business in the city.
He urged the city’s various departments to improve their services to provide a sound business environment for investors.
