Despite the adverse impact brought by the Covid-19 pandemic, the Yangpu area of Danzhou—a northwestern city in China's island province of Hainan—held multiple investment promotions across China and around the world in 2022. As a result, around 100 major projects were signed or have started construction throughout the year, attracting a total investment of 43.4 billion yuan (about $6.43 billion).

Yangpu has taken the lead in implementing a number of preferential policies as a model zone for the development of the Hainan Free Trade Port. (Photo: Xinhua)

Accounting for 82.9% of the area’s total investment, 55 industrial projects saw a combined investment of 36 billion yuan (about $5.34 billion) last year. These include four new petrochemical materials projects, four offshore wind power projects, four smart manufacturing projects, and eight health food processing projects.

It is also notable that nine of the projects were invested by Fortune Global 500 companies (including the Linde Group and China National Technical IMP. & EXP.), and three invested by China’s top 500 enterprises (including the Jiangxi Huangshanghuang Food Group and the Shuangbaotai Group).

According to Zhang Zhe, Vice President of Yangpu International Investment Consulting, Yangpu has attracted investment through the combined advantages of the area’s excellent geographical location and preferential policies. Yangpu also attaches great importance to providing businesses with one-stop services, while improving the overall business environment in the area.

Going forward, Yangpu plans to focus on developing new materials, new energy, and other physical industries, as well as completing the construction of signed projects on schedule. Meanwhile, Yangpu will also continue organizing investment promotions in Xinying Bay and the surrounding area (which includes the Yangpu Economic Development Zone, and the towns of Baimajing, Eman, Mutang, Xinzhou, Zhonghe, Paipu, and Wangwu).