The value of contracts that the Lyusi Port Economic Development Zone signed in the first half of the year topped 10 billion yuan ($1.48 billion), in the wake of a project funded by Jiangsu Huaxing Chemical Engineering & Construction Co Ltd – worth 2 billion yuan alone.

The zone is located in Qidong, a county-level city administered by Nantong in East China's Jiangsu province.

The settlement of the Huaxing project was just one of the major investment achievements that Lyusi Port made in H1. Targeting specialized industries – including new materials, new energy, port-oriented high-end equipment manufacturing and port logistics – Lyusi Port has gone full out to attract new investments.

From January to April, the zone's total investment in fixed assets hit 3.84 billion yuan. The taxable sales of the industry and service sectors there grew by 44 percent and 48 percent year-on-year, respectively, to 4.2 billion yuan and 6.05 billion yuan.

A film manufacturing plant funded by Nantong Oriental Yuhong Building Materials Co Ltd is currently under full construction in the zone. [Photo/Nantong Daily]

In order to draw in projects better, staff at the Lyusi Port Economic Development Zone recently took the initiative to communicate with potential investors directly.

"We will continue to optimize our services," said Chen Li, deputy director of the Lyusi Port Economic Development Zone Management Committee.