An energy storage area and power station is under construction in Yangquan. [Photo/Yangquan Daily] 

Yangquan city in North China's Shanxi province made significant progress in attracting investment and promoting economic development between January and July, with agreements on 57 projects based on a total investment of 45.96 billion yuan ($6.30 billion) inked. 

Focusing on key investment areas, Yangquan connected with nearly 300 companies in more than 40 cities through industry associations and investment ambassadors, resulting in substantial achievements made in project coordination and signing. 

During this period, Yangquan invited over 200 enterprises to the city for business trips, with many reaching cooperation consensus with counties and districts in the city.

A digital economy industrial park in Yangquan. [Photo/Yangquan Daily] 

Yangquan hosted five theme-based promotions on new energy battery materials, integrated energy utilization, industrial chains, cultural tourism, and health and wellness in the cities of Beijing, Nanjing, and Shanghai, with the aim of attracting industrial transfers from the Beijing-Tianjin-Hebei region and the Yangtze River Delta. 

At major exhibitions and fairs, such as the 21st China (Hainan) International Golf Tourism Culture Expo and Hannover Messe 2023 in Germany, Yangquan organized targeted investment promotions and business visits, to seek more business partners and opportunities. 

The city also addressed investors' concerns and issues encountered during the investment and construction process, and offered them comprehensive services throughout the agreement signing, construction, and production process.