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Roll Up Our Sleeves and Work Hard—Press On Undeterred Through Storms | Hebei: Fixed-Asset Investment Grows 8.2% Year on Year in the First Three Quarters

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Media Reports

发布时间：2022-11-02

【概要描述】 At Shijiazhuang Sihua Pharmaceutical Co., Ltd., the RMB 110 million “New Drug Formulation Production Line Construction Project” is currently undergoing equipment commissioning. Upon commissioning, the production capacity for oral dosage forms will triple compared with the current level.

Roll Up Our Sleeves and Work Hard—Press On Undeterred Through Storms | Hebei: Fixed-Asset Investment Grows 8.2% Year on Year in the First Three Quarters

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

In the Xiong’an New Area, construction is well underway on China Telecom’s Smart City Industrial Park project, which is slated for completion and commissioning by the end of 2023. This project is among the first batch of key initiatives in Xiong’an aimed at relocating non-capital functions from Beijing. According to the project director, the locally provided attentive services have accelerated the project’s progress.

Sun Xiaoxin, Deputy General Manager of the Infrastructure Office, China Telecom Smart City Industrial Park Construction Project: During the project approval process, with coordination from the New Area’s competent authorities, temporary electricity, water supply, site preparation, and road access were all arranged concurrently, significantly reducing the construction readiness time upon the general contractor’s arrival on site. This “immediate action” service truly conveyed the warmth and efficiency of Xiong’an.

The Xiong’an New Area has created favorable conditions for the rapid implementation of projects through a “shop assistant” mindset, “nanny-style” services, and a series of innovative measures.

Niu Qunkai, Head of Group One for the Construction and Promotion of the Command Center for the Startup Area of the Xiong’an New Area: Proactively provide on-site services to address all types of issues arising after project commencement, designate dedicated “one-on-one” service representatives, and support the high-standard, high-quality implementation and construction of projects.

Since the beginning of this year, our province has conscientiously implemented the “Six Policy Measures for Stabilizing Investment,” proactively streamlined approval procedures through “green” channels, and strengthened project support and service guarantees. Investment activity has remained stable, with fixed-asset investment increasing by 8.2 percent year on year in the first three quarters. Investment in key regional areas across the province has shown strong growth. The Xiong’an New Area, Langfang Airport Economic Zone, Caofeidian District of Tangshan City, and Bohai New Area of Cangzhou City together recorded total investment of RMB 271.79 billion, up 19.6 percent year on year, accounting for 14.7 percent of the province’s total investment and contributing 2.6 percentage points to overall provincial investment growth—of which the Xiong’an New Area alone accounted for 1.5 percentage points. Alongside robust investment performance in these key regions, industrial investment across the province has also expanded at a relatively rapid pace. At Shijiazhuang Sihua Pharmaceutical Co., Ltd., the RMB 110 million “New Drug Formulation Production Line Construction Project” is currently undergoing equipment commissioning. Once operational, the production capacity for oral dosage forms will triple compared with current levels. Under the relevant policies, the company will receive corresponding subsidies for technological upgrading. Such tangible financial support serves as a powerful incentive for corporate development.

Zhao Yongzheng, Executive President of Shijiazhuang Sihua Pharmaceutical Group: Currently, our group has a total of nine projects under construction or ongoing in 2022, with a combined investment of nearly RMB 2 billion. Once all these projects reach full production capacity, our annual sales revenue is expected to increase by approximately RMB 5 billion.

Since the issuance of the “Five Policy Measures for Stabilizing the Province’s Industrial Economy,” our province has accelerated the implementation of a number of major industrial projects, strengthened support for key production factors, and encouraged local governments to allocate special funds to support industrial technological upgrading and transformation. The Shijiazhuang Municipal Bureau of Industry and Information Technology has allocated 39.21 million yuan in municipal-level special funds for technological upgrading, supporting 30 key projects and helping enterprises achieve transformation and upgrading. At the same time, the bureau has reinforced its service-oriented approach, ensuring full coverage of paired-assistance arrangements at both the municipal and county levels for all large-scale industrial enterprises in the city as well as for all industrial (technological upgrading) projects with investments exceeding 5 million yuan.

Zhao Yongzheng, Executive President of Shijiazhuang Sihua Pharmaceutical Group: The application process is fully integrated, with rapid turnaround from submission to approval, which has accelerated the investment and construction of our project.

A series of supportive policies are unlocking the potential for economic development. From January to September, provincial industrial investment increased by 13.6% year on year, a pace 0.9 percentage points faster than in the first eight months. Investment in industrial technological upgrading rose by 25.7% year on year, outpacing overall industrial investment growth by 12.1 percentage points. Within industrial technological upgrading, investment in high-tech industries grew by 28.8%, an acceleration of 1.6 percentage points compared with the first eight months.

Dong Baoming, Professor at Hebei University of Economics and Business: The “1+20” policy framework has been immensely beneficial to our investment promotion. As our business environment continues to improve, the overall uncertainty surrounding investment is steadily diminishing, which will gradually unlock Hebei Province’s economic development potential. Consequently, during this process of unlocking that potential, we can expect relatively stable growth in investment.

Source: Hebei Radio and Television Station’s Jishi Client

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