Foshan and Suzhou unite to drive manufacturing development
Foshan China 2023-07-18 16:17

On July 14, the "Leading Manufacturing, Co-creating the Future - 2023 Foshan Advanced Manufacturing Investment Promotion Conference" was held in Suzhou, the heartland of the Yangtze River Delta region.

This conference held as part of Foshan's second quarter investment promotion conference specifically targets at manufacturing companies in the Yangtze River Delta region. Over 30 companies, including representatives from renowned manufacturing enterprises and fund investment institutions, gathered at Jinji Lake in Suzhou to explore new industry trends and seek more collaboration opportunities.

During the event, participants were impressed by the robust strength of Foshan's manufacturing industry and the genuine commitment of Foshan's investment promotion efforts. Several companies shared numerous advantages of investing in Foshan and expressed their keen interest in future partnerships and investments.

From January to June, Foshan successfully signed contracts for 267 projects with an investment value exceeding 100 million yuan, representing a 21.36% year-on-year increase. The total investment value of these contracts reached 240.572 billion yuan, showing a 25.48% year-on-year growth. Notably, there were 52 major industrial projects with an investment value exceeding 1 billion RMB, marking a 13.04% year-on-year increase.

In recent years, Foshan has actively docked with the industrial resources from the Yangtze River Delta region, such as next-generation information technology, high-end equipment manufacturing, biopharmaceuticals, and new materials. In the first half of this year, Foshan established an investment promotion liaison office in Shanghai to further enhance its appeal to key enterprises in the Yangtze River Delta region.

Through years of efforts in attracting investment, Foshan has successfully attracted core enterprises such as FAW-Volkswagen, Honda automotive electric drive systems, and lithium-ion batteries, laying the foundation for the development of the electric vehicle industry chain. At present, Foshan has established industrial clusters in the new energy vehicle and high-end equipment manufacturing sectors, with an output value exceeding 100 billion yuan. By 2026, Foshan plans to develop approximately 10 emerging industry clusters with a value exceeding 100 billion yuan.

Reporter | Eleanor

Revisor | Linn, Christy

Photo | Foshan News and Media Center