Wudang sees investment surge in first quarter

Wudang district in Southwest China’s Guizhou province attracted 18 new industrial projects in the first quarter of 2020, with total project capital of 27.3 billion yuan（$385.13 million), accounting for 109.2 percent of the first quarter target, according to officials.

Restrained by the novel coronavirus epidemic, the investment promotion activities of Wudang district were carried out online through telephone, emails and WeChat since the start of the year.

In response to the shortage of medical supplies during the epidemic prevention and control period, Wudang targeted attracting relevant businesses.

Officials said that Wudang district has communicated with over 30 companies – including Shenzhen Life Science Industry Association and Shenzhen China Business Think Tank – inviting them to go there for on-site inspections.

Meanwhile, Wudang optimized its investment promotion services to promote the orderly and safe return to production at key investment projects.

For example, it helped companies like Baoneng Urban Development Co to resolve their resumption problems.

Moving forwards, Wudang plans to attract more companies -- in the pharma manufacturing, middle and high-end consumer goods manufacturing, food processing and medical device manufacturing -- in a bid to develop more industrial clusters and build a more complete industrial system.