Xifeng propels modern industrialization through 'three approaches'

The Xifeng government has released an action plan for achieving modern industrialization, which outlines the use of "three approaches".

Approach 1: Make the pillar industry larger and stronger.

The phosphorus chemical industry currently plays a vital role in the local economy, and is expected to expand its production scale and improve the quality of its products. 

Other sectors with native characteristics will also be given more attention, such as new medicines, special food, equipment manufacturing, energy efficiency and daily necessities. The industrial clusters of these five sectors will be formed at the one-billion-yuan ($150 million) level.

Approach 2: Attract more capital and business to Xifeng.

In addition to the traditional means of attracting business, the Xifeng government will also make full use of the positive effects created by industrial chains, supply chains and industrial clusters, with the goal of collecting a 9 billion yuan fund for this year, and a 50 billion yuan fund for the whole period of the 14th Five-Year Plan (2021-25). 

Approach 3: Focus more on the development of industrial parks.

Work on improving economic development districts will be quickened. The land planned for industrial use should be no less than 1,666.67 hectares.

The authorities also urged the construction of standardized factories, the restoration of exploited and damaged landscapes, and an increase in supporting infrastructure for industrial parks.