Country for PR: China
Contributor: Xinhua News Agency
Wednesday, January 20 2021 - 19:34
AsiaNet
Inner Mongolia's Wuhai attracts another major investment project
WUHAI, China, Jan. 20, 2021 /Xinhua-AsiaNet/--

With a total investment of 13.268 billion yuan, the 5-million-ton coking 
co-production project for Guangju New Materials was officially launched 
recently in Wuhai low carbon industrial park. It is expected to lead the city's 
coking industry to develop in clusters and on a large scale and explore new 
ways for the transformation and upgrading of traditional industries, according 
to Wuhai City Publicity Department. 

In 2020, a significant year, Wuhai strives to accomplish the tasks in epidemic 
prevention and control and economic and social development with concrete 
results in major project construction.

At the beginning of this year when the Covid-19 broke out, Wuhai managed to 
prevent and control the epidemic and contained the spread of the epidemic in 
the shortest possible time, and took the lead in clearing all local cases 
within Inner Mongolia, thus creating conditions for work resumption.

In mid-March, eight key industrial projects with a total investment of 11.235 
billion yuan were started, as Wuhai City accelerated the construction of key 
projects.

In the first half of 2020, the GDP of Wuhai decreased from 1.7 percent in the 
first quarter, but rose by 3 percent in Q2. The GDP of Wuhai has created a 
Smiling Curve with steady economic recovery. Its growth rate bucked the trend 
and ranked at the forefront in Inner Mongolia.

In extraordinary times, unconventional measures are needed. Wuhai regards 
improving business environment as an important breakthrough to promote 
high-quality development. The city has opened green channels for approval of 
work resumption, introduced policies and measures such as employment guarantee, 
replacing subsidies with awards, and reducing the rental costs of state-owned 
assets. The supply of water rights, land, capital and other factors were 
boosted during that period with full implementation of pro-business policies. A 
string of supportive measures helped enterprises address their difficulties and 
ensure the early landing, commencement and production of projects.

On November 15, 6,311 sets of resettlement houses of the shanty reconstruction 
project were delivered, fulfilling the annual task ahead of schedule. On 
November 16, the Gandel flyover was opened to traffic one month earlier than 
expected. It only took Yongtai Chemical Co., Ltd. 9 months from the start of 
construction to the preparation for trial production at the end of the year, a 
record speed for major project construction in Wuhai. Huichang, Qingshi, 
Shilian and other key industrial projects have been completed and put into 
operation. In the first three quarters, the resumption rate of 41 key 
industrial projects reached 97.6 percent, and 17 key industrial projects are 
expected to be completed within the year. In the closing year of the 13th 
Five-Year Plan, Wuhai enjoyed a bumper harvest of project development.

Source: Wuhai City Publicity Department