|Contract Signing for 22 Projects|
Kickoff signing ceremony of Yiwu’s investment promotion projects, July 7. Photo by Lü Bin
On July 7, the signing ceremony of Yiwu’s investment promotion projects kicked off. The contracts for 22 projects were signed, with a total investment of 61.93 billion RMB. This is a result of Yiwu’s efforts in attracting investment and developing projects and shows Yiwu’s in-depth implementation of China’s decision to build a demonstration zone for achieving common prosperity through high-quality development in Zhejiang Province. Yiwu will create strong momentum for its high-quality and high-level construction of the “World’s Small Commodities Capital.”
Lin Yi, secretary of the Yiwu Municipal Party Committee, delivered a speech at the signing ceremony. Wang Jian, deputy secretary of the Yiwu Municipal Party Committee and mayor of Yiwu, presided over the ceremony. Ding Zheng, Ge Guoqing, Luo Huayong, Yu Xiujun, Jia Wenhong, and other leaders of Yiwu attended the ceremony.
In his speech, Lin said that in recent years, Yiwu has followed President Xi Jinping’s instructions, and has made great efforts to promote economic and city transformation through building a global trade center, a high-quality metropolitan area, and a demonstration zone for achieving common prosperity. The 22 signed projects include those of commercial circulation, high-end manufacturing of semiconductors, and photovoltaic supply chain. Yiwu urgently needs these high-quality projects in light of its economic transformation, and the projects will inject strong new momentum into Yiwu’s high-quality development. Relying on digital reform, Yiwu will create a fair and equitable environment and provide various talent services to facilitate the development of companies in Yiwu. In this way, Yiwu can advance the implementation of the projects and contribute to the construction of the demonstration zone for achieving common prosperity in Zhejiang.
Jia Yuan, director and senior vice president of Will Semiconductor Co. Ltd., delivered a speech as a special guest. He said that now is the best time for the development of China’s semiconductor industry as one of the most important basic industries for economic and social development in the contemporary world. The company’s cooperation with Yiwu not only creates development opportunities for the two parties, but also promotes the development of China’s semiconductor industry. In recent years, Will has become China’s largest company of independent chip design and a leading listed company in the semiconductor industry. Yiwu’s favorable business environment, convenient transportation, solid industrial foundation, and comprehensive talent inventory provide strong support for the large-scale and systematic development of the semiconductor industry.
Among the 22 projects, 12 are industrial projects for building a supply chain of the semiconductor industry, such as photovoltaic projects and more, with a total investment of 58.91 billion RMB. The other 10 projects are commercial circulation projects of logistics, digital trade, imports, and other sectors, with a total investment of 3.02 billion RMB, which are expected to drive an import increase of more than 15 billion RMB.
It is worth mentioning that the six semiconductor projects, together with the projects introduced by Yiwu in 2020 involving the design, manufacturing, packaging, and other processes in the semiconductor supply chain, will help Yiwu’s semiconductor industry to reach a leading position in China over the next five to ten years. (By Wang Ting, translated by Jin Haiqiong, edited by Kendra Fiddler)