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From January to May, 2012, Ruzhou's actual utilized foreign investment reached over US$100 million, and ranks in the top out of the 10 counties under direct control by the province.
The large figure is due to the measures to optimize the environment of economic development and serious work on investment projects.
By the end of May, Ruzhou attracted 49 projects (19 are continued projects) with the total investment reaching 19.91 billion yuan. The actual utilized foreign investment reached US$110.52 million, a 212 percent increase over last year.
Ruzhou municipal Party Committee and the municipal government made opening up and attracting investments as the priority of their work. They revised and launched some laws and regulations, and an award-efficiency mechanism was established to encourage investment.
To ensure the implementation of projects, Ruzhou set up five leader panels to address problems, and also established a weekly report mechanism. They also made revisiting plans for investment projects, which resolved more than 110 problems since the plan was made.
Ruzhou municipal Party Committee and the municipal government held a debriefing on attracting investment and launching projects. By the end of April, there have been 49 units that have reached agreements with investors and are under negotiation of specific projects. Ruzhou has signed twenty major projects of provincial and municipal level, with the value of contracts reaching 10.26 billion yuan. Sixteen of the 20 agreements have been honored, accounting for 89 percent of the total amount. The paid-in investment is 2.63 billion yuan, 26 percent of the total amount. Twelve projects are already under construction, 67 percent of the total amount.
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