Zhanjiang industrial parks to spearhead regional development

Lingang Industrial Park is home to a great number of petrochemical projects. [Photo/Zhanjiang Daily]

The industrial output value of Zhanjiang industrial parks above designated size was 187.6 billion yuan ($29.9 billion) in 2017, up 30.44 percent year-on-year, according to the city's economic and informatization working conference.

Over the previous year, more than 2.5 billion yuan have been invested in water supply, power supply, drainage and telecommunication infrastructure construction for these parks. This is to allow these industrial entities to be able to accommodate more projects and provide superior services.

An additional 51 projects have settled down in local provincial-level industrial parks, bringing in a capital flow of 7.43 billion yuan. Work on the Zhongke Refinery & Petrochemical and Lianjiang Longjian Electronic have also been put into the fast lane.

Furthermore, Zhanjiang has been active in liaising international and domestic powerhouses such as BASF, Kuwait Petroleum International (China), Hilti Group as well as China Shipbuilding Industry Corporation to encourage more investment and cooperation.

For the upcoming year, Zhanjiang will further step up its efforts to increase the industrial parks' hospitality capabilities, while continuing to communicate with enterprises listed among the China's top 500 for investment opportunities, especially firms engaged in the iron and steel, papermaking and petrochemical businesses.