Raft of projects established to support high-quality development in Pingtan

In late September, a commencement ceremony for 23 projects with a total investment worth about 11.89 billion yuan ($1.72 billion), was held in the county of Pingtan in eastern Fujian province and officials said they would support high-quality development in the region.

The projects include industry projects and infrastructure projects. Nurturing the development of industry is part of a 120-day program launched by the county government in September.

Chen Shanguang, a senior Party official in Pingtan, said that the authorities wanted to develop emerging sectors that are in line with building the region up as international tourist destination. Pingtan wants to create a comprehensive industry ecosystem supported by modern service sectors including the tourism, the recreation and logistics sectors, Chen said.

The industrial buildings in Pingtan. You Zenan / For China Daily

Pingtan recently released an implementation plan for nurturing the development of industries. According to the plan, the aim is to achieve a total output value of 25.3 billion yuan for the region's featured industries by the end of 2018.

By the end of the current year, the aim is to plan 200 industry projects and sign off on 100 of the projects. The blueprint also envisages the startup of 23 industry projects, with the investment worth 900 million yuan, and the completion of 10 of these projects, which will attract funding of 1.9 billion yuan.

Pingtan's authorities have been looking at harnessing a new engine for industrial development, local media reported. At the Pingtan Innovation Forum for Entrepreneurs, Scientists and Financiers, held on Sept 28, the county unveiled a series of policies and projects, signed a number of projects.

On the same day, Pingtan announced policies and measures to encourage the development, among others, of the shipping and logistics industry and integrated circuits sector. Pingtan official Xu said the policies and measures focused on developing an industrial chain.

Taking integrated circuits as an example, Pingtan is offering policy assistance for industry professionals, and helping in the design and research for components and in developing the production of chips.