The Investment Promotion Center of the Wuhan Economic and Technological Development Zone, or WHDZ – located in Wuhan, capital city of Central China's Hubei province – is understood to have ramped up its online investment promotions program since the outbreak of the COVID-19 epidemic.
A video conference was recently held there in Junshan New City, where senior WHDZ officials held in-depth talks on jointly developing industrial projects with a number of enterprises. In August, WHDZ held several fruitful video conferences with companies including Wuhan Tongji Modern Pharmaceutical Technology Co Ltd and Sunac China Holdings Limited.
An official from the WHDZ center said the epidemic had brought new challenges for their investment promotions work. He added that with the epidemic well controlled, the center had adopted more online activities – such as phone and video conferences – and signed new contracts through e-mails, faxes and express deliveries.
The investment promotions department has also reviewed its project implementation performance in recent years and made a deep analysis of industry, land, manufacturing plants and expert resources to provide references for future work.
The center continues to reportedly meet with success and it signed two investment contracts in August worth 1.15 billion yuan ($176.91 million). These covered the areas of incubators, the transformation of scientific and technological achievements, and intelligently connected vehicles. Meanwhile, the center connected with more than 50 enterprises and conducted online communications with them over 100 times.
Plans are for the development zone to continue to improve its business environment and provide efficient services, to help enterprises implement their projects as soon as possible.
