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WHDZ works to improve investment promotion

Updated: 2018-05-17

A conference was held in Wuhan Economic and Technological Development Zone (WHDZ) to discuss investment in the zone and the division of responsibilities related to investment promotion among zone officials, in Wuhan, central China’s Hubei province on May 13. 

More than 300 people attended the meeting, including officials and representatives from some State-owned companies based in the zone. 

Data reveals that from January to April this year, the zone signed agreements worth 69.4 billion yuan (10.9 billion) –– 40.8 percent of the annual goal of 170 billion yuan. And actual investment in the zone hit 11.74 billion yuan, representing 19.6 percent of the annual goal.

We need to learn about any problems with investment promotion and find new ways of attracting investment and promoting innovation and industrial transformation, said Hu Yabo, secretary of WHDZ’s work committee. 

There are still issues with poor decision-making and follow-up services, he said.

Once we have implemented new procedures and standardized our services, we should be able to improve our performance, added Hu.

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Wuhan Economic and Technological Development Zone holds a conference about the zone’s investment promotion, on May 13. [Photo/WeChat account of WHDZ]

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Hu Yabo (middle) addresses the meeting, on May 13. [Photo/WeChat account of WHDZ]