Xining Economic and Technological Development Zone Attracts 12 Billion Yuan in Outside Funds
The Xining Economic and Technological Development Zone has surpassed its goals by attracting 12 billion yuan in outside funds by the end of December 2023. This achievement represents 120% of the development zone’s target tasks and highlights the success of investment attraction in supporting the zone’s expansion and growth.
In the coming year, the Xining Development Zone will focus on building “one innovation base and three central cities.” To achieve this, the zone plans to explore cooperation models such as the “enclave economy” and park co-construction. Already, cooperation agreements have been signed with Beijing Economic Development Zone and Yangzhou Development Zone, signaling a commitment to fostering partnerships for mutual growth.
The development zone also aims to implement the “chain leader system” of the industrial chain and the guaranteed service enterprise system. Furthermore, plans are underway for 218 reserve investment projects with an estimated total investment of around 300 billion yuan. The zone has also been proactive in industrial transfer docking with regions such as Xinjiang, Shandong, Jiangsu, Zhejiang, and Shanghai, resulting in over 27 intentional cooperation projects with an estimated investment of approximately 250 billion yuan.
The development zone has prioritized the attraction of key industrial chain links, securing contracts for projects like electronic-grade polysilicon and monocrystalline rods. Notably, a large vertically integrated photovoltaic manufacturing base with an investment of 40 billion yuan and 21 major projects have been successfully introduced, further contributing to the zone’s industrial development.
Emphasizing the “one district and four parks” development pattern, the zone has identified more than 220 key chain-strengthening, chain-reinforcing, and chain-extending projects with a total investment exceeding 300 billion yuan. These efforts aim to solidify the zone’s position as an attractive destination for investment and industrial transfers.
Overall, the Xining Economic and Technological Development Zone’s success in attracting outside funds and fostering strategic partnerships demonstrates its commitment to sustainable growth and development.
Editors: Kuang Yu, Liu Peiran