In the first quarter, cities
(prefectures) in Sichuan Province signed 418 projects worth 425.15
billion yuan. Notably, 60% came from manufacturing in terms of either
the number of projects or the investment amount. According to the
Sichuan Provincial Bureau of Economic Cooperation, Sichuan fulfilled,
launched, and put into service 346, 281, and 114 projects worth 281.6
billion yuan, 201.5 billion yuan, and 66.8 billion yuan respectively in
the period.
To deliver satisfying results in investment promotion in the quarter,
Sichuan accelerated building a modern industrial system, carried out
point-to-point investment promotion in key regions and targeted
enterprises, and took measures to stabilize investment and increase
momentum. Construction of the U.S. Albemarle (Meishan City) New Era
Lithium Battery Material Factory, the Chongqing Zhongxian Intelligence
Technology (Neijiang City) New-type Touchscreen Display Module
Production Base, and other projects started successfully; Guangdong
Chaozhou Three-Circle Group (Deyang City) Electronics and Advanced
Materials Production and other projects were put into service.
As constant progress was made in implementing the 10 measures for
advancing opening-up, Sichuan focused on Fortune Global 500 companies,
famous multinationals, and industry leaders to build a clear picture of
their investments in the province and create a detailed list of targeted
companies. Thus, it worked to promote the implementation of newly
signed projects and advance incumbent foreign enterprises to increase
investment and expand production. In the quarter, Sichuan attracted a
total FDI of 920 million U.S. dollars, registering a year-on-year
increase of 13.3%. Manufacturing and high-tech industries performed
particularly well. Specifically, the manufacturing industry saw a total
in-paid FDI of 101 million U.S. dollars, up 136.47% year on year; the
high-tech industry saw a total in-paid FDI of 565 million U.S. dollars,
up 174.56% year on year.
Next, Sichuan's economic cooperation authorities at all levels will beef
up efforts to attract projects, implement projects, and promote the
incremental development of projects.
In attracting projects, focus will be put on the targets of the "1531"
action plan for major industrialization project attraction, industry
chain blueprints, development roadmaps, and investment promotion
guidance catalogs for new-type display, software, aero-gas turbine
engine, clean energy equipment and other key industries will be
developed, and lists of investment opportunities in Sichuan and Sichuan
investment service guides will be issued in due time. Specifically, the
"1531" action plan for major industrialization project attraction puts
forward to advance industry chain investment promotion, implement 5
projects each worth 10 billion yuan, 20 projects each worth 5 billion
yuan, 40 projects each worth 3 billion yuan, and 160 projects each worth
1 billion yuan, maintain Sichuan's leadership in central and western
China in terms of the amount of paid-in domestic investment and FDI and
attract more than five Global Fortune 500 companies to invest in
Sichuan. In the meanwhile, concerted efforts will be made by relevant
provincial and municipal authorities to undertake industrial transfers,
attract projects, increase investments, and stabilize growth.
In implementing projects, focus will be put on the projects under
negotiation and the enterprises expressing investment intentions and
multiple measures such as organizing ad hoc investment promotion
activities will be taken to deliver more satisfying results in
investment promotion and project attraction. Moreover, online special
activities for different countries and industries will also be organized
to promote the signing and implementation of major industrialization
projects.
In promoting the incremental development of projects, multi-pronged
efforts will be made to ensure that the newly signed projects can break
ground and be put into service as fast as possible. Besides, the special
action plan for foreign investment services will continue to be
implemented. So far, relevant authorities have visited more than 680
major foreign enterprises in Sichuan to identify potential projects for
increasing investments to keep the fundamentals of foreign investments
stable.