2018 International Investment Cooperation (Wenzhou) Symposium Held in Wenzhou
On June 28, the 2018 International Investment Cooperation (Wenzhou) Symposium was successfully held in Wenzhou by MOFCOM Investment Promotion Agency, Department of Commerce of Shandong Province and Wenzhou Municipal Peoples’ Government. More than 50 enterprises and 10 organizations from home and abroad, and representatives from the mainstream media attended this symposium.
Deputy Director of MOFCOM Investment Promotion Agency Li Yong and Deputy Mayor of Wenzhou Municipal Peoples’ Government Wang Chi attended the symposium and made speeches respectively. Deputy Director Li Yong pointed out that against the backdrop of the intelligentized manufacturing industry and digitized service industry, the manufacturing industry and service industry have deeply integrated and the investment cooperation in high-end industries has become the new driver and engine of regional development around the world. As the starting area of the development of China’s private economy as well as the forefront of reform and opening up, Wenzhou has always adhered to the new development concept. Focusing on booting the quality and benefits of development, Wenzhou has coordinated to promote the development of major industries, constantly optimized the structure and transformed the old engines with new ones.
Deputy Mayor Wang Chi said that Wenzhou will constantly improve the infrastructure and build development platforms. It will promote environment reconstruction, advance government services, accelerate the construction of an international, vogue and smart city, and endeavor to create the new advantages of reform and opening up.
Director of Foreign Capital Department of the Chinese Academy of International Trade and Economic Cooperation Ma Yu made a keynote speech named "China's strategy of opening up in the new era and regional/enterprise innovative development". In the dialogue session, six guests from multinational corporations, foreign institutions in China and local key enterprises conducted in-depth exchanges on the topic of “how should Wenzhou win the future with the world's merchants together”.
This symposium was conducted in the form of dialogues and exchanges, cooperation promotion and project connectivity. Ruian City, Oujiangkou industrial agglomeration and Wenzhou economic development zone and other coming units signed 8 projects. The investment amounted to US$196 million, and the contracted foreign investment reached US$103 million. Each county (city and district) and functional area platforms of Wenzhou have launched 34 investment projects of six key industries for merchants with a total investment of US$16.9 billion.
Based on Wenzhou’s industrial strength and development planning and considering the topics of this symposium, MOFCOM Investment Promotion Agency mainly invited some representatives from foreign and Taiwan-funded enterprises such as Cisco, Air Products and Chemicals (China), Wittenstein AG and Foxconn Technology Group, some representatives of foreign institutions in China like the US-China Business Council, the China-Britain Business Council, Bremeninvest, Italy-China Industrial Project Fund and some representatives from enterprises and organizations such as China International Investment Promotion and Talent Introduction Network, Beijing MIIT Intelligence Technology Industry Development CO.,LTD., China Fortune Land Development Co.,Ltd., Shanghai Dunxing Intelligent Technology Co.,Ltd., Hangzhou High-Ocean Investment Management Co.,Ltd. and China Electronic Commerce Association. After the meeting, some enterprises willing to invest were organized to inspect Longwan District, Ouhai District, Yueqing City, Oujiangkou industrial agglomeration and South Zhejiang industrial agglomeration and deep connectivity was synergized.