The city of Nanyang, Henan province has arranged 103 projects involving 24.69 billion yuan ($3.75 billion) as of Jan 19, marking a good beginning in attracting investment, which covers non-metallic materials, farm and sideline products, electric power, and e-commerce.

Ground-breaking on one of the projects, a 360-million-yuan deal with the Kang Yide New Materials Technology Co, of Nanzhao county, to produce 250,000 tons of calcium carbonate composites, got underway on Jan 19. Other projects involved a 1.08-billion-yuan deal with Xijian Shock Absorber Co for high-speed trains and a 420-million-yuan production line deal with the Lucky Huaguang Graphics Co for its environmentally friendly digital printing boards.