Cities wanting to attract investments will need more than just favorable tax and land policies, with improvements of industrial clusters and the establishment of supporting public services, said Quanzhou Party Secretary Xu Gang.

"Some investors consider more than just land price or taxes when selecting an area to invest in. And using these preferential policies alone to attract investment cannot be called a good investment environment," Xu said.

"Modern enterprises, especially foreign companies, place more value on industrial chains and industrial clusters in the region and the surrounding areas. So we have to step up efforts to establish a group of major industrial clusters to promote regional industrial development."