BEIJING, April 10 (Xinhua) -- Tongzhou Bay, a new demonstration development zone in Nantong, a city of east China’s Jiangsu Province has recently attracted 30 billion yuan of investment.
In the 2020 Spring Investment Fair of Tongzhou Bay held on April 8, 28 projects involving 30 billion yuan of investment were signed.
During the event, Tongzhou Bay showed its regional advantages, characteristic industries, development trends and business environment to more than 300 attendees including domestic and foreign experts from research institutions, universities and entrepreneurs in many fields.
Located on the north of the Yangtze River estuary, the Tongzhou Bay Demonstration Development Zone initiated in 2012, possesses 585 square kilometers of water and land area, which is a rare area for building of deep-water port in the coastal area of Jiangsu province.
At the beginning of 2020, Nantong government set up a special committee to take charge of developing and building of a grand Tongzhou Bay, which integrates exsiting Tongzhou Bay and three ports along the coastal line in Nantong, namely, Yangkou Port in Rudong County, Haimen Port in Haimen, and Lyusi Port in Qidong. The grand Tongzhou Bay is expected to form an integrated transportation network consisting of river and sea channels and become a new sea exit of Jiangsu Province.
Tongzhou Bay will take more measures to provide a better business environment for enterprises who make investment here, said Lu Weidong, member of the standing committee of the CPC Nantong Municipal Committee and party secretary of Tongzhou Bay.
Xu Changxin, professor at Hohai University who also works in Jiangsu Province Counselor’s Office, told the fair that Tongzhou Bay Demonstration Development Zone should combine its abundant river and sea resources to become a modern manufacturing base.
According to Lu Zhonghua, vice party secretary of Tongzhou Bay, the demonstration development park will focus on developing its advantageous industries including intelligent equipment, electronic information, modern logistics, new metal materials and other industries.
"As the Nantong base is completed and goes into operation, my company will move the production bases in Shenzhen and Kunshan to the zone in sucession, " said Wang Chenquan, president of Hong Kong Xinzhi Technology Group. (Edited by Gao Jingyan with Xinhua Silk Road, gaojingyan@xinhua.org)
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