Qingzhen attracts projects worth over 900m yuan

Qingzhen -- a county-level city in Southwest China's Guizhou province -- held a signing ceremony for new businesses and investments on Oct 16.

Three projects on new materials, new energy research and development and production and an international school were inked, with a total investment of 910 million yuan ($136.84 million).

After completion, the annual output value and the tax revenue of the new projects are expected to be 1.28 billion yuan and 132 million yuan respectively and the projects will employ about 700 people.

The projects will help advance the leap-forward development of the economy of Qingzhen.

In recent years, the city has been aiming at key new industries, products and regions -- in combination with its own resources and industrial development -- to attract more investment and boost the real economy.

This year, Qingzhen has focused on the mid- to high-end manufacturing and consumption sectors, by accelerating the construction of related projects.

To date, it has attracted 40 industrial projects this year, with an investment of 18.79 billion yuan. Of these, 17 projects with a total investment of 5.38 billion yuan are located in the Qingzhen Economic and Technological Development Zone.