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Targeted financing essential to boosting innovative, fast growth

By Zhuan Ti ( China Daily ) Updated: 2017-05-15 08:00:41

Xi'an Hi-tech Industries Development Zone has embraced new development phases by investing in innovation-driven industries with high growth potential.

2016 witnessed an actual use of foreign investment of $3 billion and actual introduction of domestic investment of 50 billion yuan ($7.25 billion) in the zone.

Twenty projects with individual annual production volumes of 1 billion yuan settled down in the zone, as well as 15 research and development centers from the world's top 500 enterprises.

Targeted financing essential to boosting innovative, fast growth

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