Zhoushan gears up for final push of investment in 2018 | govt.chinadaily.com.cn

Zhoushan gears up for final push of investment in 2018

Updated: Dec 10, 2018 chinadaily.com.cn Print

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A mobilization conference is held by the Zhoushan government on Nov 30, to urge every sector to hit the annual investment target of 161 key projects. [Photo/Zhoushan.cn]

All sectors must make every effort to hit the annual investment target of 161 key projects within the last month of the year, urged Yu Donglai, Party chief of Zhoushan, East China's Zhejiang province, at a mobilization conference in late November. 

The city has hit 88.2 percent of the target in the first ten months of 2018, with the amount of investment reaching 60.85 billion yuan ($8.85 billion), close to the target amount of 68.97 billion yuan. 

Eighteen of the projects have generated returns, and several projects have hit this year's investment target ahead of time, including the ENN Zhoushan LNG Import Terminal and the Boeing 737 Completion and Delivery Center projects.

In addition, the city has hit 84.4 percent of the annual target of attracting 66 billion yuan of investment, with 5,905 additional companies having settled in the China (Zhejiang) Pilot Free Trade Zone, surpassing the annual target by nearly 50 percent. 

In the last month of the year, the city will further streamline its administrative approval procedures and improve its investment climate, so as to endeavor to reach the annual investment target by year end, according to the conference.

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Yu Donglai, Party chief of Zhoushan, addresses the conference. [Photo/Zhoushan.cn]

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The ENN Zhoushan LNG Import Terminal enters commercial operation on Oct 19 after two months of trials [Photo/zj.zjol.com]

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