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Changxing emerges as investment hotspot

chinadaily.com.cn | Updated: Aug 5, 2021

Changxing county in Huzhou is becoming increasingly attractive as an investment destination due to its continuous efforts in optimizing its business climate.

In 2020, Zhejiang Mingjing Environmental Protection Technology Co Ltd chose Changxing as the site for its waste disposal plant.

With an investment of 325 million yuan ($50 million), the plant will be responsible for the treatment of industrial and hazardous waste from Changxing and its surrounding cities.

The plant, which has an annual processing capacity of 120,000 metric tons, is expected to generate an annual income of 400 million yuan, according to Yao Ke'an, deputy general manager of Huzhou Mingjing Environmental Protection Technology Co Ltd.

In the first half of this year, more than 90 investment projects worth 33.34 billion yuan landed in the district, becoming important engines for local economic growth, according to Yang Shujie, deputy head of the investment promotion department at the Changxing bureau of commerce.

The sustained efforts of local authorities in optimizing government services have played a big part in the district's increasing attractiveness to businesses.

Zhejiang Zhongying Auto Parts Co Ltd relocated its plant from Jiaxing to Changxing in April. It took the company only three months to complete the construction of its plant in the county.

The company is among 14 projects involved in smart vehicles and key parts that were introduced to Changxing. The combined investment of these projects stood at 3.28 billion yuan.