On the morning of June 18, Changzhou National High-tech District (CND) held a signing ceremony for key projects in the second quarter of 2020. Eighteen projects with a total investment of 19.7 billion yuan were signed to settle within the district. City leaders Zhou Bin and Liang Yibo attended the event.

Half of the 18 projects are foreign-invested ones. Two of these projects, namely the Pan-Semiconductor Equipment and Materials Industrial Park and the New Carbon Valley, each has an investment of 5 billion. Another two projects, namely the Transformation and Upgrading of New Materials and the Liandong U Valley · Changzhou Smart Technology Park, each has an investment of 3 billion. The projects signed this time are involved in industries like smart manufacturing, new materials, auto parts and modern services, highly consistent with CND’s main industries.

In particular, ThyssenKrupp invested another 200 million US dollars this time, planning to build a global steering system production center in CND. Since 2015, the group’s steering business unit has made five investments in CND, with the registered capital amounting to approximately 116 million euros. The company stated that with the strong support of the local government, it has the confidence in achieving an annual sales target of 2.8 billion yuan this year. In the future, the Changzhou plant will become ThyssenKrupp's largest steering system production site in the world, expecting to double  annual sales within 3 to 5 years.

Zhou Bin, member of the Standing Committee of CPC Changzhou Municipal Committee and secretary of the Party Working Committee of CND, said that the signing ceremony for key projects is an important measure for CND to ensure stability on six fronts and maintain security in six areas. In the next step, CND will focus on promoting key projects, with greater efforts to seize opportunities, increase confidence and accelerate the progress of new infrastructure such as 5G networks and data centers. The government will continue to provide all-round services, improve business environment and nurture new opportunities in the crisis, in order to attract more high-level projects and achieve higher-quality development.

It is reported that since the beginning of 2020, CND has been working tirelessly on attracting investments and has so far introduced 71 high-quality projects with a total investment of 46.81 billion yuan. Having collected foreign capital of 440 million US dollars, the district has completed the task for the first half of year 42 days in advance, accounting for 57.9% of the annual target.

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