Datong attracts investments totaling 21b yuan in Q1

Datong city in North China's Shanxi province has signed 45 investment project contracts with a total investment of 21.44 billion yuan ($2.97 billion) in the first quarter of 2024.

These projects belong to leading technology innovation enterprises and involve tech innovation, energy, manufacturing, culture, tourism, and health and wellness sectors. 

In recent years, Datong has continuously strengthened its connections with the Beijing-Tianjin-Hebei region, especially with Beijing, to achieve substantial results in investment attraction. In 2023, Datong signed 368 investment projects, with a contracted investment amount of 132.67 billion yuan. 

This year, to create a friendly and efficient business environment, Datong has continued to streamline its administrative approval processes. At the same time, all local development zones have implemented a one-stop approval mechanism and service model. 

Each county and district in the city is working to provide high-quality services in investment attraction, by assisting enterprises in resolving issues related to energy consumption targets, material supply guarantees, and the relocation of power facilities, thus offering favorable conditions for enterprise development and project construction. 

Currently, various counties and districts in Datong are discussing 106 proposed projects that have a total investment of over 56 billion yuan.