Industrial projects to lure investors to Zhanjiang
China DailyZhanjiang, a port city in the southwest of Guangdong province, will use its large industrial projects to attract investors. Fu Zhonghuang, Party secretary of the Zhanjiang investment promotion bureau, said the upcoming or finished large projects will help the city consolidate its industrial foundation and form industrial chains as well as gather a large number of enterprises. According to Fu, Baosteel's Zhanjiang facility, which became operational in 2015; the Sino-Kuwaiti refinery-petrochemical integration project, to be operational by year end; and the BASF integrated petrochemical production site, are expected to forge complete industrial chains in the steel and petrochemicals sectors and create huge business opportunities for downstream and upstream players. The local government has also sent investment promotion teams to take part in various trade fairs and expos to make Zhanjiang's business opportunities better known to targeted partners. Highlighting the role of big projects in driving industrial growth and creating new business opportunities, Chen Hongwen, a researcher at Zhanjiang Party School, said the projects can have a multiplication effect on the local economy.