Guide industrial transformation by breakthroughs industrial transformation, boost development momentum with effective investment. In the face of the sudden outbreak of Covid-19 pandemic, Kunshan went all out to advance the piratical implementation of various control measures, and attach equal importance to execution of the current work and planning of the long-term work as well, and stay uncompromising in key works such as attracting investment and project construction, powerfully and orderly advance various works of economic and social development.

At the Advancing Meeting held on February 20, 2020, 47 major projects were signed collectively with a total investment of RMB 61.7 billion, and expected annual output of RMB 107 billion, among which 29 are foreign funded projects with a total investment of 5.5 billion US dollars, and a registered capital of 2.3 billion US dollars.

78 major projects began construction at the same time with a total investment of RMB 87.1 billion, the planned investment of the year is RMB 15.7 billion, and the expected output is RMB 145 billion. Among which, there are 69 industrial projects with a total investment of RMB 80.2 billion, characterized by large investment scale, high technological content, promising outlook, strong driving force, etc.; 9 projects of infrastructure and the people’s livelihood with a total investment of RMB 6.9 billion, covering infrastructure, education and benefits to people, city update, ecological conservation and other areas.

Optimizing business environment is the demand of enterprise, tactics of development, and responsibility of the government. Since this year, Kunshan has aimed to create a first-class business environment with the highest standard and highest level, accelerate the formulation of Version 2.0 new policies for optimizing business environment, implement the “25 measures” for further creating healthy development environment for entrepreneurs and “Kunyu Plan” for cultivating the next generation of private entrepreneurs, carry out a combination of policies to support enterprises to confront the epidemic and weather the hard times, to continuously boost investment confidence of entrepreneurs.

As the major project of Kunshan Development Zone, the plant project of KRRP is honorably on the list, after completion of the project, except sales of the existing products of the parent company, it will step up efforts to introduce imported drugs from India and Taiwan, with an estimated total investment of RMB 300 million, and annual sales of RMB 1 billion, and an overall sales will reach RMB 5 billion and profit exceeding RMB 600 million by 2030.