Yinchuan, the capital city of northwest China’s Ningxia Hui Autonomous Region, is making the best use of the opportunities provided by the upcoming China-Arab States Expo as exemplified by the burgeoning growth of its Yuehaiwan Central Business District.
“In the district, there are 28 projects under construction and all of them will be accomplished in this November. 100 small and medium-sized enterprises to be introduced then will become a new growth pole of the district,” said Yang Huijun, deputy director of the service center of the district.
The city of Yinchuan strives to build the district into a financial center along the Silk Road. It has issued a series of preferential policies to financial enterprises such as three-year free rent, no license fees and limited land supply.
The district reportedly plans to complete fixed asset investment of 3.5 billion yuan and achieve an output value of 10 billion yuan by the end of this year.