Meticulous planning

Changyi's proactive approach to investment promotion also lies in its meticulous planning that focuses on key industrial sectors such as high-end chemicals, intelligent equipment manufacturing and new energy equipment.

It has outlined precise investment roadmaps for each industry, streamlining the process for interested businesses.

Through advanced technologies like 3D modeling, AI panoramas, GPS positioning and GIS systems, the local government also aims to break constraints stemming from traditional investment practices.

Critical investment information about the city, such as location advantages, transportation, climate, power and land usage, as well as existing industrial structures, can be found on its WeChat mini-program.

This integration enhances the efficiency of attracting investment by presenting a comprehensive overview of available resources, said the Changyi government.

To further enhance project management services throughout its full life cycle, Changyi has organized 14 rounds of bank-enterprise matchmaking activities since the beginning of 2023, benefiting over 700 enterprises.

Tax and fee reductions have amounted to 530 million yuan, injecting financial vitality into the city's development, data from the Weifang Investment Promotion Network showed.

Its dedication to simplified procedures, tailored investment roadmaps and a favorable business environment has translated into tangible success.

"In the year 2023, Changyi organized a series of project signing activities, inking 37 deals with a total investment of about 12 billion yuan, making investment attraction a strong force for high-quality development," said Xia of Changyi's investment promotion center.

The city's investment-related activities were even more active during the end-year period, Xia said.

From January to October, the total industrial output by entities above a designated size (20 million yuan in main business revenue) in Changyi reached 68.53 billion yuan, an increase of 7.4 percent year-on-year.

The operating income of such industrial players stood at 63.61 billion yuan, up 11.4 percent year-on-year, according to Changyi government data.

lijiaying@chinadaily.com.cn