Since this year, Pinghu Economic and Technologic Area has been adhering to the business attraction strategy of “maintaining the Japanese and Korean bases, exploring the European and American market and focusing on German companies”. We have innovated the business attraction thoughts and obtained the new development and breakthroughs in business attraction and capital introduction. It is known that from January to November, the development area has completed the contractual foreign capital of 248 million USD, which has increased by 18.07% over the same period of last year and completed 108.21% of the annual target objective. The actual used foreign capital is 186 million USD, which has increased by 25.68% over the same period of last year and completed 100.46% of the annual target objective. The two objectives – contractual foreign capital and actual used foreign capital- have both realized the target mission one month in advance, which was set up at the beginning of this year.
Firstly, German companies have attained great achievements. Since this year, Pinghu Economic Development Area have been reinforcing the strength on “external marketing” by establishing a cooperation platform in an overall way. The area went to Germany for exhibition, showed on international fairs, set up business attraction office and co-host a conference with German Machinery Equipment Manufacturing Association to raise the fame of business attraction to Germany companies and increase the investment confidence. This year, 6 German projects have been successfully signed. The total registered capital has amounted to 45 million USD and the total investment has reached 108 million USD.
Secondly, the quality of business attraction is constantly on the rise. Since this year, Pinghu Economic Development Area has accumulated more companies and obtained great advancement. From January to November, 29 foreign capital projects have been approved, 5 of which have the total investment of over 50 million USD and 2 of which have the total investment of over 100 million USD. One Fortune 500 investment project has been signed. Those projects all have solid development history and are leading companies in the area.
Thirdly, the industrial clusters are increasingly growing. The business attraction is based on the two leading industries – optical, mechanical and mechanical area, and bio-tech (food) industry. We have improved the industrial chain, promoted the industrial clustering and realized the clustering development. Among all the approved projects this year, there have been 13 optical, mechanical and electric projects. The contractual foreign capital has amounted to 63.6278 million USD, which has accounted for 26% of the total foreign capital projects. 8 are bio-tech (food) projects. The contractual foreign capital has amounted to 125.9955 million USD, which has accounted for 51% of the total foreign capital projects