With the theme of opening up, cooperation, innovation and win-win , 2010 Yangtze River Delta (Jiaxing) Investment Symposium (hereinafter called JIS) was held in Jiaxing China-HK City on the morning of Nov.8, attracting more than 400 investors from over 20 countries and regions. On this symposium, 25 projects were signed and $890 million were attracted.
As one of the first coastal cities opening up to the outside world, Jiaxing has achieved a promising position in its export-oriented economy. Now, it has established a sound trade relationship with 190 countries and regions. By the end of this September, 5821 foreign enterprises have settled here from over 100 countries and regions, with an accumulated foreign investment reached $10.7 billion. In 2010 Blue Book of Competitiveness of Cities in China, Jiaxing is listed in the cities with greatest development potential in the future 10 years in China.
This symposium has three features. Firstly, it is characterized by large investment projects. 18 out of the 25 signed projects are large ones with an average total investment of $43.33 million, and a committed amount of foreign investment of $20 million. The largest one is Haining Construction Materials Market with a total investment of $100 million and a committed amount of foreign investment of $50 million.
Secondly, the emerging industries are becoming investment focus. The singed projects cover such industries as auto parts, electric machinery, chemical engineering, electronics, new energies, real estate and trade. The third feature is multi investment sources. The investments of the signed projects are mainly from HK, USA, Australia, Japan, South Korea, and Taiwan. The top three sources are HK, USA and Taiwan. And 12 out of the 25 projects are invested by HK investors.
