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Yangjiang, a coastal city in western Guangdong province, held its 2020 Investment Promotion Conference on the morning of June 6. During the conference, 77 projects were signed with a total investment of 137.93 billion yuan (about $19.5 billion); 60 projects were commenced with an investment of 63.54 billion yuan (about $9 billion); 51 projects were completed and put into operation with an investment of 11 billion yuan (about $1.5 billion).

Jiao the city's party secretary, addressed the conference that Yangjiang is a young and vibrant city, adjoining the Guangdong-Hong Kong-Macao Greater Bay Area in the east, the Beibu Gulf Urban Agglomeration in the west, and the Hainan Pilot Free Trade Zone in the south. “The city's predominant location, rich resources, and excellent ecological environment offer fertile soil for investment and a paradise for home ownership,” Jiao said.

To date, Yangjiang has launched about 160 key industrial projects with an investment of 212.2 billion yuan (about $30 billion) in alloy materials, wind power, intelligent manufacturing, hardware products, advanced equipment, food processing, textile and clothing, and other industrial fields. After the completion of these projects, the annual output value will reach 189.37 billion yuan (about $27 billion). And the government revenue will increase by 8.16 billion yuan (about $1.15 billion).

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To improve the city's transport network, Yangjiang has stepped up efforts to plan and construct a new airport as well as the Shenzhen-Yangjiang Railway, aiming to arrive at Guangzhou and Shenzhen in an hour, Shanghai in 2 hours, and Beijing in 3 hours.

Yangjiang also strives to reconstruct the approach channel of Yangjiang Port, one of China's category-1 ports, and build 10 new terminal berths in 2020, which will significantly raise the port's throughput capacity. The reconstructed port will facilitate Yangjiang to become a 100 billion-grade alloy material industrial cluster and a world-class wind power industrial base.

Yangjiang's regional Gross Domestic Product (GDP) in 2019 grew by 8.2 percent, ranking first in the province, according to the local government.

Written by Ariel

Edited by Keane, Jerry