XIANGYANG, China, Sept. 19, 2017 /Xinhua-AsiaNet/--
As new energy auto companies throng to the central Chinese city of Xiangyang, China's city of new energy vehicles is taking shape. As heavy haul railways and high-speed trains connect Xiangyang with more destinations across China, it is emerging as an important traffic hub in the region. Official statistics show that a total of 786 projects were included in the city's key project management list over the past five years, with completed investment accumulating to nearly 400 billion yuan.
With robust investment promotion and major infrastructure and industrial projects, Xiangyang in Hubei Province is attracting attention of the outside world.
Faced with a sluggish economy and dim growth indicators, the local government paid special attention to investment promotion over the past five years, as it deemed the inflow of capital was still the most direct and effective way to improve people's lives.
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