Country for PR: China
Contributor: PR Newswire Asia (China)
Monday, August 10 2020 - 23:34
Xinhua Silk Road: Eastern Chinese city attracts investors by creating sound biz environment
BEIJING, Aug. 10, 2020 /PRNewswire-AsiaNet/ --

Huai'an, a prefecture-level city of east China's Jiangsu Province, is exploring 
to expand the service objects of its "101 percent service" mechanism from large 
firms and projects to all market players, so as to create a more dynamic 
economic ecology.

As a government service brand carefully built by the city in recent years, the 
"101 percent service" mechanism aims at providing an additional one percent of 
service to investors while meeting the legal requirements of investors at 100 

Under this mechanism, nearly 200 units and departments in Huai'an help 
enterprises solve difficulties to the maximum extent to promote the development 
of enterprises in an efficient way.

The city has never stopped attracting investors even when faced with the 
COVID-19 pandemic. It has taken multiple measures to advance investment 
promotion during the epidemic prevention and control period.

The municipal leaders have kept interactions and exchanges with investors and 
entrepreneurs on a monthly basis to help them solve problems in investment and 
business development.

The city's commerce bureau released a letter to international investors in 
Chinese, English, Japanese and Korean languages to introduce the preferential 
policies for enterprises and the quality business environment of Huai'an to 
them, so as to enhance their confidence to invest in the city.

Cai Lixin, Party chief of Huai'an City, had led a delegation March this year to 
visit Yum China Holdings, Inc. (Yum China, NYSE:YUMC), Red Star Macalline Group 
Co., Ltd., Sinochem International Corporation (600500 SH.) and other well-known 
enterprises for investment promotion.

As a result, on July 10, Yum China, a leading Chinese restaurant company, 
signed an agreement with Huai'an to settle its northern Jiangsu supply chain 
center in the city. This will help boost the Huai'an's food industry 

A resident working group has also been established in the Huai'an Economic & 
Technological Development Zone to help enterprises with work and production 
resumption amid the epidemic, including assisting companies in arranging CT and 
nucleic acid tests as well as hotels for medical observation for foreign staff.

These efforts have yielded fruitful results. From January to June this year, 47 
new foreign-funded projects with foreign investment of 1.27 billion U.S. 
dollars settled in Huai'an, and 480 million U.S. dollars of the funds have 
already been received.

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SOURCE  Xinhua Silk Road