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Roll up your sleeves and get to work—move forward undeterred by wind or rain! | Hebei: In the first three quarters, fixed-asset investment grew by 8.2% year-on-year.

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Time：2022-11-02

At Shijiazhuang Sihua Pharmaceutical Co., Ltd., the “New Drug Formulation Production Line Construction Project,” with an investment of 110 million yuan, is currently undergoing equipment commissioning. Once operational, the production capacity for oral formulations will triple compared to the original level.

Roll up your sleeves and get to work—move forward undeterred by wind or rain! | Hebei: In the first three quarters, fixed-asset investment grew by 8.2% year-on-year.

Since the beginning of this year, various regions in our province have accelerated the implementation of the comprehensive package of policies and follow-up measures aimed at stabilizing the economy. The effects of these economic stabilization policies in the investment sector are gradually becoming evident. From January to September, fixed-asset investment across the province remained stable, increasing by 8.2% year-on-year.

In the Xiong'an New Area, construction of the China Telecom Smart City Industrial Park project is in full swing. The project is expected to be delivered and put into use by the end of 2023. It is one of the first key projects for Beijing’s relocation of non-capital functions to the Xiong'an New Area. The project leader told reporters that the locally attentive services have given the project construction an “accelerated pace.”

Sun Xiaoxin, Deputy General Manager of the Infrastructure Office, China Telecom Smart City Industrial Park Construction Project: During the project’s procedural handling, with coordination from the competent authorities in the new district, we simultaneously resolved issues related to temporary electricity, water supply, site preparation, and road access, thereby significantly reducing the construction preparation time once the general contractor entered the site. The “just do it right away” service we experienced here truly made us deeply feel the warmth of Xiong’an.

The Xiong'an New Area has created favorable conditions for the rapid implementation of projects by adopting a “shopkeeper” mindset, providing “nanny-style” services, and implementing a series of innovative measures.

Niu Qunkai, Group Leader of the First Promotion Team for the Construction of the Command Center of the Xiong'an New Area’s Startup (Preliminary) Zone: We provide proactive on-site services to address various issues arising after construction projects commence. We assign dedicated “one-on-one” service specialists to ensure that projects are implemented and constructed to the highest standards and with top-quality.

Since the beginning of this year, our province has earnestly implemented the “Six Policy Measures for Stabilizing Investment,” actively streamlining and expediting approval processes through “green channels” and strengthening project support and service guarantees. Investment performance has remained stable; in the first three quarters, fixed-asset investment grew by 8.2% year-on-year. Investment growth in key regions across the province has been robust. The Xiong’an New Area, Langfang Airport Economic Zone, Caofeidian District of Tangshan City, and Bohai New Area of Cangzhou City together completed investments totaling 271.79 billion yuan, an increase of 19.6% over the same period last year, accounting for 14.7% of the province’s total investment and boosting the province’s overall investment growth by 2.6 percentage points. Among these, the Xiong’an New Area alone contributed 1.5 percentage points to the growth. While investment data from key regions have been particularly impressive, industrial investment across the province has also achieved relatively rapid growth. At Shijiazhuang Sihua Pharmaceutical Co., Ltd., the “New Drug Formulation Production Line Construction Project,” with an investment of 110 million yuan, is currently undergoing equipment commissioning. Once operational, the production capacity of oral formulations will triple compared to the original level. According to relevant policies, the company will receive subsidies covering a corresponding proportion of its technological upgrade costs. This tangible financial support serves as a powerful incentive for enterprises to drive their development.

Zhao Yongzheng, CEO of Shijiazhuang Fourth Pharmaceutical Group: Currently, our group has a total of 9 ongoing and resumed projects for 2022, with a total investment of nearly 2 billion yuan. Once all these projects reach full production capacity, our annual sales revenue will increase by approximately 5 billion yuan.

Since the release of the “Five Policy Measures for Stabilizing the Provincial Industrial Economy,” our province has accelerated the implementation of a number of major industrial projects, strengthened guarantees for various key factors, and encouraged localities to allocate special funds to support industrial technological upgrades and transformations. The Bureau of Industry and Information Technology of Shijiazhuang City has allocated 39.21 million yuan in municipal-level special funds for technological upgrades, supporting 30 key technological transformation projects and helping enterprises achieve transformation and upgrading. At the same time, the city and county levels have enhanced their service awareness and implemented comprehensive, targeted support coverage for all large-scale enterprises and industrial (technological upgrade) projects above 5 million yuan across the city.

Zhao Yongzheng, CEO of Shijiazhuang Fourth Pharmaceutical Group: The application process is a one-stop service, and the speed from application to approval is remarkably fast, accelerating the investment and construction of our project.

A series of supportive policies are unleashing the potential for economic development. From January to September, industrial investment across the province increased by 13.6% year-on-year, a growth rate that was 0.9 percentage points higher than in the first eight months. Investment in industrial technological upgrades rose by 25.7% year-on-year, 12.1 percentage points faster than the overall growth rate of industrial investment. Among investments in industrial technological upgrades, investment in high-tech industries grew by 28.8%, an increase of 1.6 percentage points compared to the first eight months.

Dong Baoming, Professor at Hebei University of Economics and Business: The 1+20 policy framework has provided us with tremendous support for investment promotion. As our business environment continues to improve, the overall uncertainty surrounding investment is gradually diminishing. Consequently, as Hebei Province’s economic development potential is progressively unleashed, our investments should be able to achieve relatively stable growth during this process.

Source: Hebei Radio and Television’s Jishi Client

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