Chongchuan district in Nantong, East China's Jiangsu province, has made strides in attracting projects this year.

From January to October, the district inked contracts for 38 new major projects with a total investment of 29.05 billion yuan ($4.08 billion).

At the end of October, the groundbreaking ceremony for an advanced manufacturing base belonging to TE Connectivity's automotive business unit took place in the Chongchuan Economic Development Zone. The project set a record in terms of the amount of time it took to attract foreign investment in Chongchuan, taking only 86 days from government-enterprise communication to the signing of the investment memorandum.

The rapid success of the project is a testament to Chongchuan's dedicated efforts. In recent years, the district has consistently diversified its approaches to attracting projects. This year, it established four investment promotion branches in Shanghai, Beijing, Suzhou, and Shenzhen. Furthermore, specialized foreign investment attraction teams were deployed to conduct investment attraction activities in key regions.

In its commitment to attract more businesses, Chongchuan has implemented several supportive policies this year. Additionally, it has allocated a government industry guidance fund of 238 million yuan to support 12 enterprises.

A promotion event to attract more projects is held by Chongchuan district. [Photo/Nantong Daily]