Thanks to the implementation of various measures and accelerated project development, Xi'an, capital of Northwest China's Shaanxi province, has made substantial investment promotion progress, according to the municipal bureau of investment cooperation.

In 2020, the city's actual utilization of foreign capital reached $7.68 billion, a year-on-year increase of 8.78 percent, accounting for 90.93 percent of the province's total and completing 101.66 percent of the annual target.

Meanwhile, the actual introduction of domestic capital was 374.81 billion yuan ($57.89 billion), a year-on-year increase of 8.86 percent, completing 101 percent of the annual goal.

The implementation and commissioning of the second phase project of Bosch Rexroth, a German firm specializing in mechanical and plant engineering, fully reflected Xi'an's success in attracting investment.

Xi'an is attractive to various projects due to its favorable business environment and services. [Photo/Xi'an municipal government's WeChat public account]

At the beginning of 2019, after learning that Bosch Rexroth intended to invest in the second phase of its project, the investment promotion department of Xi'an Economic and Technological Development Zone took the initiative to connect with the company to ensure that the project settled in Xi'an.

The phase-two project progressed from construction to production in less than a year and a half, during which time it also overcame the impact of the COVID-19 pandemic.

The project's development benefited from Xi'an's favorable business environment and professional, fast, efficient and precise services.

At present, the new facility's product line has been fully committed to Bosch Rexroth's automation business segment, covering three major products: electric drive and automation, linear technology and assembly technology.