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Qidong makes great progress in attracting investment in H1

en.nantong.gov.cn Updated: 2022-07-26

Qidong – a county-level city administered by Nantong in East China's Jiangsu province – has committed itself to attracting large-scale, competitive and high-quality projects this year.

In the first half of the year, a total of 73 industrial projects signed up to settle in Qidong. These included 32 domestic-funded projects each costing 500 million yuan ($74.11 million) or more, and nine foreign-funded projects each costing $30 million or more.


A groundbreaking ceremony for a new giant warehouse and storage complex funded by China Grain Reserves Group Ltd takes place at Lyusi Port in Qidong on July 1. [Photo/WeChat account: qidongfabu]

One clear highlight has been the premium quality of these projects. Among the newly signed projects, 35 are involved in strategic emerging industries – including nine in the high-end equipment manufacturing sector, eight in the life health sector, seven in the new materials and new energy sectors and four in the intelligent manufacturing sector.

This year, Qidong has taken a number of measures to achieve breakthroughs in investment promotion. It has held more than 120 online and on-site activities and assigned 106 full-time personnel to drum up more business.

In addition, Qidong has cooperated with professional intermediaries in the search for more suitable projects.