In the first quarter of 2011, 4.2 billion yuan was invested into ten provincial industry clusters in Pingdingshan, taking up 45.1 percent of the fixed asset investment of the entire city. The number is an increase of 12 percent from last year.

The governments at all levels of Pingdingshan pay close attention to accelerating the development of the industry clusters and being selective on attracting investments. Several large projects will be added to the clusters including the Zhejiang electric manufacturing base with an investment of 1,700,000,000 yuan; Baoshida optical manufacturing and processing base with an investment of 1,600,000,000 yuan; Henan Hongtai Footwear production line with an investment of 500,000,000 yuan; and Jiangxi Jiacheng Packing and Color printing production line with a 300,000,000 yuan investment.

In the fruitful month of March, almost 2.1 billion yuan has been taken in, 460,000,000 yuan more than that of January and February combined. The top three clusters according to the amount of money invested are Baofeng County industry cluster with 840,000,000 yuan, Jiaxian County industry cluster with 810,000,000 yuan, and Wugang industry cluster with 780,000,000 yuan.

The city is now planning to invest 30 billion yuan over the entire year. Meanwhile, a number of major projects will be launched during the second quarter of 2011, reaching an investment of 11 billion yuan.

Edited by Clark Cahill