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Northwest China's Gansu province is set to continue leveraging the Belt and Road Initiative and the strategy of developing the country's western region to further promote its high-quality development, a top provincial official said on Thursday in Beijing.
The northwestern province is actively integrating into the national unified market, enhancing its business environment, and attracting industrial transfers from the eastern and central regions.
Last year, Gansu secured over 1 trillion yuan in investment agreements. With an investment of 41 billion yuan, the new silicon-fluorine materials project of Zhejiang Juhua Co, which is based in East China's Zhejiang province, has been established in Yumen, a city historically centered around the oil industry. The project set a record for the amount of industrial investments in Gansu.
In return, leveraging its strengths and key roles in resources, energy, food security and ecological protection, Gansu can align national needs with its own advantages to contribute to the country's high-quality development, said the governor.
For instance, Gansu is a major province for wind and solar resources, ranking among the top in China for solar and wind energy development. The province's total installed capacity for new energy exceeds 56 million kilowatts, accounting for over 60 percent of its total power capacity, the second-highest proportion in the country.
Electricity generated in the province has been transmitted to 25 other provincial-level regions, with over 52 billion kilowatt-hours sent annually, and nearly half of the power is generated from renewable sources. chinadaily.com.cn
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