12.3 Billion CNY to Be Invested in Changsha Jinxia Economic Development Zone
On January 4, Changsha Jinxia Economic Development Zone held a signing ceremony for its investment projects. A government-bank-enterprise service matchmaking meeting was held at the same time. Twenty industrial project agreements were signed, with a total investment of 12.3 billion CNY. Representatives from 20 enterprises and over 10 banks had in-depth exchanges and signed cooperation intent agreements for financial services.
Li Guojun, secretary of the CPC Working Committee of the Jinxia Economic Development Zone, said that the 20 industrial projects agreed to focus on intelligent manufacturing and open economy, and will improve industrial chain functioning. Among them, the high-speed train brake pads production base project invested in by Beijing Intercity Energy Group has attracted much attention. This project has independent core technology and its technical strength is among the top three in China. Five-hundred million CNY will be invested in the first phase. It is estimated that after the project is put into operation, an annual sales revenue of 1 billion CNY will be achieved.
Translator: Kuang Zhenzhen
Chinese source: hunan.voc.com.cn