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Premier Li: Improved business environment boosts investment in NE China

Updated: Jun 15,2021 22:11

Good business environment will bring more investment to Northeast China, Premier Li Keqiang said at Panpan Foods in Songyuan city, Northeast China's Jilin province, on June 15.

Established in 2013, the company is a wholly-owned subsidiary of Fujian Panpan Group. The company invested 300 million yuan in its second-stage project, and the third stage is in the works.

The head of the company told Premier Li that the company's investment is moving along with growing confidence in Northeast China, a region once called an investment desert.

The company came from the Southeast coastal area to invest and build a factory here, and it is expanding its size, which indicates that this place has rich natural resources and favorable business environment, Premier Li said.

With a beneficial business environment, even regions that were once not ideal for investment can become attractive, the Premier said, extending hopes that the company will bring confidence to more enterprises west of the Shanhaiguan Pass and make them aware of the good business environment and promising future in Northeast China.

Premier Li inspected the company’s food and beverage production lines and learned about its product research and development. He also asked about the implementation of tax and fee cuts, financial support, and other favorable policies.

As an all-time sunrise industry, the food sector should adapt to the diverse health needs of the people and constantly launch new products, Premier Li told the company’s employees.