High-quality promotion and attraction, leapfrog development, coordinated advancement, and full efforts in investment promotion.

The Ferrotec Semiconductor project, with a total investment of 12 billion yuan, was signed in Shuijie Fund Industrial Park, marking a significant project on the distinctive semiconductor “Ten Thousand Acres, Trillion-Yuan Industrial Platform” in Lishui. The Jinyin Electronics Ultra-Thin Precision Flexible Film Packaging Production Line Project, with a total investment of 5.5 billion yuan, settled in Lishui Economic Development Zone. The Geely New Energy Automotive Thermal Management Project, with a total investment of 2 billion yuan, landed in Longquan, becoming the largest single investment project in the city, driving industrial upgrading the fastest, and leading the regional development the strongest in the manufacturing industry, with milestone significance in promoting the transformation and development of the entire industrial chain of new energy automotive thermal management in Longquan...

In addition, counties and districts such as Liandu, Suichang, and Songyang have focused on the new materials and new energy storage tracks, attracting a number of major projects such as Hoymiles Energy Storage, Carrier New Energy, and Haiju New Energy, seizing opportunities for future industrial development.

What did Lishui do right? What makes so many new productive forces favor the “Zhe Li” investment hotspot?

The answer lies in planting good trees to attract phoenixes, letting entrepreneurs take the leading role.

With spring on the road, rain adds to the flowers, making the mountain colorful. Over the past two years, investment promotion has been the “strong engine” for Lishui’s stable and high-quality economic development, and the “vitality source” for high-quality development. In 2022, Lishui attracted a total of 203 major projects; in 2023, 217 projects with investments exceeding 100 million yuan were landed, surpassing the trillion-yuan mark for the first time in total investment.

In 2023, the GDP in Lishui city reached 196.44 billion yuan, with a growth rate of 7.5%, ranking third in the province. Fixed asset investment exceeded one trillion yuan for the first time, with a growth rate of 15.6%, ranking second in the province. The leading industries in ecological industry and the pillar industries for enriching the people and strengthening the city are gaining momentum.

Everything is looking up, and every tree is striving for spring. Lishui city, quietly standing at the forefront of the times, is making great strides in adjusting its industrial structure, forging a supply chain and industrial chain for the future.

Creating new comparative advantages for high-quality development in Lishui

“At the recently concluded fifth plenary session (expanded) of the fifth session of the Lishui Municipal Committee, the work of attracting investment was repeatedly mentioned as the central task of grasping major issues and planning for the long term, as the city launched a comprehensive ‘attracting big projects and strengthening the city’ campaign, iteratively introduced 20 new policies for investment promotion, established a mechanism for attracting and landing major industrial projects across mountains, and established the highest award for investment promotion, the ‘Wanxiang Cup’.”

New projects are constantly being introduced, good projects are quickly gathering, and large projects are accelerating construction. Over the past two years, Lishui has focused on the “5+5” modern ecological economic system and the “1315” industrial chain cluster, implementing targeted actions to forge, strengthen, supplement, and extend the industrial chain.

So why is Lishui planning a new industrial layout amid the tide of the times?

Lishui, which dares to open up new fields and win new races, aims to lay a foundation, benefit for the long term, fill in the gaps, and adjust the structure with greater efforts, effectively enhancing the resilience of the industrial chain and supply chain, helping to empower the city’s economy for high-quality leapfrog development, and creating new comparative advantages for future industries.

In December 2023, the first semiconductor project invested by the Green Industry Fund—Zhejiang Juexin Microelectronics’ infrared detector project—blossomed in Lishui with the cooperation and empowerment of the fund, heralding the flowering of innovation. After more than three years of cultivation in Lishui, its high-temperature refrigeration infrared detector won the highest award in the “National Disruptive Technology Innovation Competition”, achieving a breakthrough in Lishui’s unique field of disruptive technology innovation nationwide.

Years of steadfast cultivation have allowed Juexin Microelectronics to stand out nationally, giving more confidence and prospects for leapfrog development to high-tech companies attracted to Lishui. “Investment by chain” has gradually become the highlight of Lishui’s investment promotion work.

Leveraging the Lishui High-Quality Green Development Industry Fund under the Xinkun Medical Fund, Medical Accuracy invested in the Lishui Economic Development Zone. The High-Quality Green Development Fund contributed 45.9 million yuan. On September 27, 2023, the company relocated its headquarters to Lishui and became an AI-assisted diagnostic server supplier. Based on actual clinical needs, it has created a comprehensive AI-assisted analysis industry matrix for various application scenarios, different diseases, and different imaging equipment, covering systemic solutions for multiple parts such as the chest, breast, knee joint, and nerves.

Coincidentally, Geely Auto Group CEO, Jiayue Gan, delivered a speech at the project cooperation signing ceremony, stating, “The settlement of the Geely project in Longquan, Lishui, is both a strategic decision and the best choice.” He added, “Turning the best choice into the best practice will undoubtedly help Lishui and Longquan become a hub for new energy vehicle components.” The landing of the Geely New Energy Automotive Thermal Management Project serves as a powerful booster for the transformation of Lishui's auto parts industry towards the new energy vehicle industry chain.

Committed to developing into the “number one county for national metaverse industry development”, Qingtian County is leveraging the advantages of funds and policies, and relying on the strategic leading project of “Dual Promotion and Dual Attraction” sub-bureau stationed abroad, it actively attracts investment by visiting metaverse industry development hubs such as Beijing, Shanghai, and Shenzhen. Qingtian has successively connected with a batch of high-growth metaverse projects such as Cartergate AI Digital Home Qingtian Headquarters, and Zhuo Shi Technology’s metaverse project. It has successfully promoted the landing of several billion-dollar projects and commercial projects, such as Qiyunshan Realistic Esports, Yiyuan 6G Watt-hour Energy Storage Recycling Integration, nickel-based alloy new materials, wet-method diaphragm materials for power batteries, and the Metersbonwe Qingtian E-commerce Park. Recently, Qingtian County has also landed Aima Technology’s smart travel project, with a total investment of up to 2 billion yuan, making it the largest single manufacturing project.

Against the backdrop of overcapacity, weak demand, and dramatic price fluctuations, Lishui achieved breakthroughs in attracting billion-dollar projects in 2023, with seven 5-billion-yuan manufacturing projects. Apart from cooperating with Jingning to introduce a billion-yuan manufacturing project, the Lishui Economic Development Zone also attracted a 5-billion-yuan manufacturing project. Longquan, Yunhe, Jinyun, Suichang, and Songyang all achieved breakthroughs in 5-billion-yuan manufacturing projects.

A batch of leading, foundational, and strategic projects have successively landed, and a high-quality development blueprint for the future, industrial upgrading, and strategic transformation is gradually unfolding.

Creating a favorable environment for the development of new productive forces in “Zhe-Li”

Inaction leads to nothing, while action leads to success. At the beginning of each year, the top leaders from all over the city become the “vanguard” of attracting investment for Lishui, flying to various countries and regions across the world to kick off the year’s investment attraction activities. From full lifecycle management to focusing on development, various regions have come up with practical and effective measures, providing comprehensive services for project landing and enterprise development.

Looking back at 2023, main leaders in Lishui city, as well as the “top leaders” of counties (cities, districts), municipal departments, and leaders of Lishui Economic Development Zone, went out for investment attraction a total of 403 times, spending 788 days. They mainly focused on the Yangtze River Delta Economic Belt, the Guangdong-Hong Kong-Macao Greater Bay Area Economic Belt, the Beijing-Tianjin-Hebei region, the Fujian-Guangdong-Sichuan region, and neighboring areas such as Ningbo, Taizhou, and Wenzhou.

At the beginning of last year, Jinyun county conducted friendly visits and economic and trade negotiations in Germany and Serbia, and visited and negotiated with major industrial projects such as Mingyang Machinery, Made Machinery, Zhongchuang Joint Investment, Austalon, and Moshang Crystal in Beijing, Suzhou, Shanghai, Chongqing, Shenzhen, Guangzhou, and Kunshan. In 2023, Jinyun county’s main leaders went out for investment attraction 41 times, generating information on more than 30 investment attraction opportunities. In August 2023, Jinyun successfully attracted the Yiya Tong High-end Equipment Manufacturing Base project, achieving a breakthrough in attracting a single manufacturing project worth 5 billion RMB for the entire county. The project went from land acquisition to construction in just 15 days, essentially achieving “and acquisition equals construction start”. In December of the same year, Jinyun successfully attracted the Boxi Technology New Energy Vehicle Three-electric System Components, Automotive Structural Intelligent Manufacturing, and New Materials project. The two manufacturing projects worth 5 billion RMB each have been signed and started construction.

Moreover, based on the “top leader” project of investment attraction, Lishui has comprehensively coordinated the attraction of major projects, establishing a cross-mountain coordination mechanism for attracting major investment projects. The first batch of 12 major industrial projects with cross-mountain coordination were coordinated by the city leaders, pushing forward with the highest level of coordination to expedite the landing, construction, completion, production, and output of major industrial projects.

A well-coordinated investment attraction mechanism has enabled Lishui Economic Development Zone and Lijing Park to actively integrate their thinking and reach consensus on development. During the attraction process, Jingning She Autonomous County has rallied joint efforts for investment attraction, fully leveraging the relatively mature industries of the Economic Development Zone and the overlapping advantages of ethnic policies in Lijing Park, as well as the complementary advantages of Lishui Economic Development Zone’s industrial fund and Lijing Park’s land resources, attracting the Ferrotec semiconductor project.

The success of the Ferrotec project’s investment model has enabled Jingning, which has relatively weak basic facilities and investment capabilities, to successfully attract a billion-dollar project. It has also paved the way for Lishui to overcome its land resource disadvantages, develop a distinctive semiconductor industry chain, and elevate its industrial capabilities, opening up new paths for industrial development.

Such practices have transcended the limitations of administrative divisions and yielded landmark achievements in jointly building a provincial demonstration zone for common prosperity. With unified planning and implementation across the city, the dividends of reform are shared by all counties (cities, districts). That’s the essence of coordinated investment attraction across mountains.

In addition, Lishui also benefits from the synergy of fund attraction, chain-based attraction, and event-based attraction. At the city level, the “1+9+X” industrial funds have been established, with Lishui’s high-quality green development industrial fund leading the “1+9+X” industrial fund matrix, investing in a total of 112 projects. County-level funds primarily invest in projects that strengthen, extend, or supplement industrial chains, while city-level funds focus on strategic, landmark, and leading major projects.

Centered around the “5+5” modern ecological economic system, Lishui city is focusing on future industries such as new energy storage, robotics, metaverse, smart transportation, as well as emerging sectors like new water-related industries, deep processing of agricultural products, traditional Chinese medicine and health, and biotechnology, to carry out the construction, extension, supplementation, and strengthening of industrial chains. Each county (city, district), as well as the Lishui Economic Development Zone, is centered around the “1315” industrial chain cluster to facilitate industrial circulation, forming a comprehensive industrial chain organization system that integrates upstream and downstream, and matches production, supply, and marketing.

Leveraging the spillover effects of various activities has made investment attraction more efficient. In 2023, Lishui hosted high-profile events such as the signing ceremony for major projects in revitalizing old revolutionary areas, the “Enter Lishui” event by the Provincial Association of Small and Medium-sized Enterprises, and a series of attraction activities for the traditional Chinese medicine health industry. These initiatives have facilitated two-way engagement between the government and enterprises. Among them, the signing ceremony for major projects in revitalizing old revolutionary areas and “Dual Promotion and Dual Attraction” focused on 29 projects, with 16 projects successfully landed, achieving a landing rate of 55%, and a total investment of 462.68 billion yuan.

Deepening competition, focusing on overseas attraction, and improving assessment incentives... Over the past two years, behind Lishui’s repeated record highs in investment attraction, lies a vivid portrayal of Lishui’s innovative approach, resource integration, and enhanced collaboration.

Cross-mountain coordination has facilitated project landings, and pilot projects have been launched to provide end-to-end investment services such as information, land acquisition, and value addition. Showcasing Lishui’s distinctive features and identity, the project team of “Xiu Shan Lishui” is striving to forge a new path for enterprise investment with distinct features and recognition of Li Shui. After successfully attracting over 400 projects, they continue to refine their approach, enhancing the key elements of investment promotion to expedite high-quality development. They see investment promotion as a crucial step in creating a strong magnetic field, sparing no effort and demonstrating genuine dedication, contributing significantly to investment promotion with practical actions and achievements, and delivering outstanding results.