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Southeast China's Fujian witnesses "cloud contracting" of 391 major projects

April 27, 2020


Abstract : Southeast China's Fujian Province witnessed the online contracting of 391 major projects worth about 783.6 billion yuan on Sunday.

BEIJING, April 27 (Xinhua) -- Southeast China's Fujian Province witnessed the online contracting of 391 major projects worth about 783.6 billion yuan on Sunday.

The online contracting focused on strengthening traditional infrastructure and new infrastructure construction, promoting the transformation and upgrading of traditional industries, and expanding investment in strategic emerging industries.

Of the total, centrally-administered state-owned enterprises saw 92 projects signed, which involved an investment of 424.5 billion yuan. 193 projects of private enterprises were signed, with a total investment of 227.1 billion yuan. 59 foreign-funded projects were signed, involving 73.2 billion yuan worth of investment. The Fujian Pilot Free Trade Zone saw 47 projects signed, involving 58.8 billion yuan of investment.

An official with the Fujian Provincial Party Committee said that Fujian will strive to promote investment, hedge the impact of the epidemic and accelerate economic and social development.

Fujian plans to build a mechanism for investment promotion under the conditions of normalized epidemic prevention and control, vigorously facilitate investment promotion in industry chain, and promote enterprises to increase capital and expand production. At the same time, Fujian will carry out inspections in a bid to avoid no construction after signing or no progress after start. (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)

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