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Rugao Economic and Technological Development Zone aims to attract more foreign investment. [Photo/WeChat account: RGETDZ]

Rugao Economic and Technological Development Zone, which is located in Rugao, Nantong in East China's Jiangsu province, convened a meeting on Jan 18 to discuss its plans for attracting more foreign investment in 2021.

The development zone expects to bring in 10 foreign-funded programs, each with 1 billion yuan ($154.57 million) in investment, and a major one valued at 10 billion yuan in 2021. It also plans to attract 500 million yuan in paid-in foreign investment within the next three years.

Local bureaus responsible for investment promotion will bolster efforts to invite leading companies, such as Fortune 500 companies, based in Beijing, Shanghai, Guangzhou, Shenzhen, and southern Jiangsu province to establish businesses in the development zone, said Hao Xiaodong, a Party official at the zone.

Hao added that investment is particularly welcome in the high-tech, knowledge-intensive, and service sectors, with the goal of upgrading the zone's industrial structure.

To reach the targets, more approaches will be adopted, such as holding various events and launching activities on new media platforms.