Changle:
 

At the Changle “Love Hometown and Start Business” Spring Festival Symposium held on January 28, Changle signed 17 return projects with total investments of 15.33 billion yuan.

These projects relate to machinery manufacturing, textile, building material, culture, logistics and more. The average investment reaches 900 million yuan. It is noteworthy that most of the projects are projects with high added value and produce no pollution.

Transformation and upgrading are the hot words for the economic development of Changle in 2011.

The economy of Changle is dominated by the textile and iron and steel industries. They faced the dilemma of high pollution, high energy consumption, high labor cost and low competitiveness.

In 2011, the Changle government considered transforming and upgrading the industries as a driving force to set goals for scientific development.

The textile industry is Changle’s traditional industry. It has intensively felt the pressure from the increasing of labor cost and there has been a consensus from entrepreneurs to extend the industrial chain by introducing new technologies.

On Jan 28, the contract for the Jingfen chemical fiber project was officially signed. Meanwhile, Fujian Jinlun Fiber Shareholding Co Ltd, Jinjiang Spinning Co Ltd., Shanli Chemical Fiber Industry Co Ltd. and other major high-tech projects with high added value were advanced as well. A surge of transformation and upgrading rose in the textile industry of Changle.

Changle government tried to create conditions for the technical reformation, brand innovation and financing. This was for capacity expansion and IPO to push the textile industry to extend to CPL, PTA, fabrics and garments. Changle also decided to link the textile machinery manufacturing with other fields to form a complete industrial chain.