12 industrial projects worth 10 billion yuan inked during Shanghai’s Changxing conference

 KUALA LUMPUR, Sept 24 -- Twelve major industrial projects totalling nearly 10 billion yuan (US$1.48 billion) were recently signed at a conference to promote industrial economy in Shanghai's Changxing island, China. (US$1 = RM4.166)

A string of policies to boost high-quality development of the industrial economy in Changxing were also unveiled at the conference themed ‘new smart manufacturing, new driving force, and new start’.

The Changxing Industrial Park signed the 12 projects covering areas of marine equipment, smart manufacturing, new materials as well as energy conservation and environmental protection.

According to The Government of Chongming District in a statement, the park has 10 major industrial projects totalling around 12 billion yuan currently under construction.

The district government underscored three facades for Changxing's development for the next phase - embracing new smart manufacturing, playing up new driving force, and trailblazing a start for a new voyage.

The local industries should focus on the digitised, intelligent and green development of marine equipment and marine economy so as to be integrated into the industrial chain of the world’s marine equipment.

Covering 162 sq km areas, Shanghai's Changxing island is at the mouth of the Yangtze River. The island functions as a reservoir for the world's marine equipment, Shanghai's ecological water source and a destination for sightseeing.

-- BERNAMA