On Sept 20, a forum on investment promotion was held in Hengshui city, Hebei province, during the 2016 Hengshui Lake International Business Fair, Hebei Daily reported.
Ma Fuhua and Liu Yuhua, vice mayors of Hengshui City, together with another 200 officials in charge of investment promotion, attended the forum.
During the forum, Wei Dazhi, director of the Industrial Economy Research Center, and Zhang Xibo, director of the Shenzhen platform for trade and investment, delivered speeches and shared their insights on the opportunities and challenges of investment promotion in the current economic climate.
The government of Wuqiang county, Hengshui city, and a Shenzhen platform for trade and investment, signed a strategic cooperation agreement at the forum in order to take advantage of Wuqiang’s competitive industries and the Shenzhen platform’s diversified investment promotion channels to attract more investment for Wuqiang.
According to information from the Wuqiang government, Wuqiang county is expected to introduce four projects with a total value of more than three billion yuan ($45 million) during the 2016 Hengshui Lake International Business Fair, which will include the Beijing-Tianjin-Hebei Coordinated Development Industrial Park and a rail transport electrical industrial park.
Wuqiang county, which is pushing the Bringing In and Going Out strategies, currently has industries manufacturing items such as handmade cloth shoes, hardwood carvings, new packing materials and equipment. It has already established an e-commerce entrepreneurship service center and an e-commerce trading center to exploit the domestic and overseas markets.
Meanwhile, Wuqiang has introduced a batch of high-tech projects centered on seven emerging industries, including modern logistics, intelligent safeguarding systems and intelligent equipment manufacturing.