Looking to expand exchanges, the city of Jiaxing, in East China¡¯s Zhejiang Province, has brought a series of economic and trade co-operation projects with it to the latest China International Fair for Trade and Investment (CIFIT).
The city has sent a delegation of over 60 people to the event to showcase the city¡¯s sound economic base, advantageous geographic conditions, improved investment environment and sincerity in attracting capital, the city¡¯s Party secretary told the Express yesterday.
A promotional activity for economic and trade co-operation in the Yangtze River Delta area ¡ª especially in Jiaxing ¡ª will be held today as part of the Fair.
Huang Kunming said:¡°Through the promotion and exhibition at the CIFIT, we are expecting to establish straightforward exchange channels, improve the understanding and expand co-operation between Jiaxing and investors outside the city.¡± The event has become a window for China to entice foreign investment and introduce capital-related policies, Huang said, adding Jiaxing has sent delegations to all of the past CIFIT sessions.
¡°The city warmly welcomes investors from home and abroad to explore our great development potential and seek mutual benefits,¡± said Huang.
With economic globalization and the increasing capital flow to China, the Yangtze River Delta has become a hotspot for investment, providing good opportunities for the swift development of Jiaxing¡¯s open economy.
Zhejiang¡¯s government, in a bid to develop itself and catch up with its neighbouring metropolis of Shanghai, is building a State-level economic and technological development zone in Jiaxing.
The zone will adopt more preferential policies for investors compared with the development zones in Shanghai, Huang said.
In addition to preferential policies, the city also enjoys an advantage in its geographical location, he said.
Located in the centre of the Yangtze River Delta and as Zhejiang Province¡¯s only city bordering Shanghai, Jiaxing is benefiting from the rapid development of its neighbours like Shanghai, Suzhou and Hangzhou.
Jiaxing itself has a sound traffic and transportation network including waterways, highways and a railway system.
The Jiaxing port handled over 15 million tons of goods last year.
The city plans to invest more than 100 billion yuan (US$12 billion) to perfect its expressways. Meanwhile, the city¡¯s economic and social development will give investors confidence about its further development.
Huang said all five of the counties and cities in Jiaxing¡¯s administration have been among the top 100 counties and cities in China in overall competitiveness.
Last year, the city¡¯s gross domestic product totalled 70.6 billion yuan (US$8.5 billion) and the fiscal revenue reached 7.25 billion yuan (US$876 million).
The per capita disposable income was 11,500 yuan (US$1,389) in 2002, while farmers¡¯ per capita net income exceeded 5,500 yuan (US$664).
Foreign direct investment in the city has increased by 70 per cent annually over the past three consecutive years.
The contractual foreign investment value totalled US$750 million during the first half of this year, an increase of 30.6 per cent over the same period in 2002.
And the actual foreign investment was US$331 million from January to June, a year-on-year rise of 139 per cent.
The city¡¯s utilization of foreign investment ranks it third in Zhejiang Province.
Huang said business people who invest in the city will reap good returns while enjoying a bright future.
With the two districts of Xiucheng and Xiuzhou, the three county-level cities of Pinghu, Haining and Tongxiang, and two counties, Jiashan and Haiyan, under its jurisdiction, Jiaxing has a total area of 3,915 square kilometres and a population of 3.22 million.
It has over 7,000 years of history and was the cradle of the Majiabang culture, one of China¡¯s Neolithic cultures.
The Chinese Communist Party was founded there in 1921.
With its rich past, Jiaxing has cultivated many famous personalities such as writer Mao Dun, poet Xu Zhimo, caricaturists Zhang Leping and Feng Zikai and novelist Jin Yong.
With its past, the city enjoys abundant cultural relics and tourist attractions.
The Qiantang River tide, the south and north lake of Haiyan, the ancient town Xitang and more than 130 other cultural relic protection sites rake in an increasing number of tourists.
The tourism industry in the city saw a rapid growth last year. It received 224,300 overseas visitors and 8.59 million domestic guests in 2002, a year-on-year increase of 133.3 per cent and 21.5 per cent, respectively.
Jiaxing is also an important power resource for East China.
The Qinshan Nuclear Power Plant and the Jiaxing Power Plant are under construction.
Upon completion, their total capacity, will be 6 million kilowatts.
The city is now making utmost efforts to build a powerful, cultural, ecological and legally sound Jiaxing by carrying out a development strategy of opening wider to the outside world, developing its industry and technology, and achieving the joint development of urban areas and suburbs.
It aims to develop itself into an all-round well-off society, a key economic location in the Yangtze River Delta and develop a new port.
By 2020, the city¡¯s gross domestic product is expected to exceed 400 billion yuan (US$48 billion), with the per capita GDP reaching US$10,000.