Daishan stands out for investment promotion progress

Yushan Bridge connecting Daishan Island and Yushan Island is completed on Dec 31, 2018 and guarantees transportation for the Green Petrochemical Base on Yushan Island. [Photo/IC] 

Daishan county in Zhoushan, East China's Zhejiang province, made outstanding achievements in investment promotion last year by securing 24.8 billion yuan ($3.72 billion) of funds from beyond the city and $95.33 million in paid-in foreign investment, ranking first in the city in the two indicators.

The county witnessed the signing and landing of 37 projects during the year, ranging from new materials and auto parts to wind power and digital economy.

The new materials industrial park in the west of the Daishan Island, covering over 2 million square meters, was built to support the Green Petrochemical Base on the county's Yushan Island. 

Five petrochemical companies settled in the park last year, with a total registered capital of 150 million yuan. 

As one of the places in East China with the best wind resources, Daishan vigorously explored the wind power market and a whole industrial chain of wind power integrating research and development, manufacturing, and maintenance has taken shape in the county.

Deals worth 1.2 billion yuan were inked between domestic energy companies and the Daishan government at a local trade talk last November, and 27 industry-leading companies signed memorandums of understanding to join in the construction of the county's wind power industrial chain.

In addition, Daishan has been eying local digital development by planning to build an international intelligent and ecological zone in its east, which is expected to feature smart functions in transportation, architecture, energy, recycling, water networks and civil life.

"Digital economy is one of the top priorities of our work this year," said an official from the local investment promotion bureau, adding that they will focus on developing electronic equipment and systems for steamers, marine e-commerce, digital finance, smart cities and intelligent logistics.