BEIJING: The second global investment promotion conference winded up in Shenzhen with 780 billion Yuan or $119.5 billion worth of contracts in the Chinese southern boom city, cementing its leading position for foreign investment in China.
A total of 242 projects were signed at the conference, the city’s most important investment event. They include the South China headquarters project of US retail giant Costco Wholesale, the innovation center project of the world leading health technology company Royal Philips and the research and manufacturing base project for the COVID-19 vaccine jointly developed by AstraZeneca and Kanvax.
Wang Weizhong, Party secretary of Shenzhen, said the city will be widely open its market and further upgrade its business environment to better facilitate the investors across the globe to work and live.
The city will offer 15 square kilometers of industrial space this year for global enterprises to set up business there. In 2019, 30 square kilometers of land space were taken out by the local government.
Wang reiterated that any high-quality project that meets Shenzhen’s industrial development strategy and the city’s high-quality and sustainable development demand will be able to secure land in the city. –PNP
