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Datong attracts great investment

By Zhou Yuanyuan ( chinadaily.com.cn )

Updated: 2013-10-25

Investment to Datong, Shanxi province, has surged to a higher level of scale and quality. Great achievements have been accomplished according to statistics from the municipal Investment Promotion Bureau which show Datong has signed more than 100 investment projects, worth 149.61 billion yuan ($24.6 billion) since the end of August, far more than expected.

Datong steps up implementation of the "going out" and "bring in" strategies. Representatives participated in promotional conferences in Beijing, Guangzhou, Shanghai and other areas, during which the Datong delegation established ties with over 100 businesses and signed strategic cooperative framework agreements with Beijing-Shanxi and Shenzhen-Shanxi business councils.

During the 2013 Central China Expo, from May 18 to 20, Datong conducted a series of activities, contracting 20 projects. Also, Datong explored the internet as a new channel for attracting human, material and financial resources.

During the 2013 China Solar Decathlon in Datong, Beijing-Shanxi business council, Shenzhen-Shanxi business council, Quanzhou business council and some businesses and entrepreneurs were invited to experience the fruitful achievements of Datong. With early efforts, Datong signed projects with the investors, such as a granite park project with Quanzhou business council, and Zhengzhou Wycombe high-tech industrial park. Datong has been setting up a platform for the investors all around the country.

Datong municipal Investment Promotion Bureau tracked the implementation of projects one by one by making calls or paying visits to keep ahead of what is going on. The examination and approval services are well-received.

Edited by Nigel Moffiet

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