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Quzhou attracts growing foreign investment

chinadaily.com.cn| Updated :2026-03-17

Zhejiang Ruwang Food and Purolite (Zhejiang) Technology, located in the Quzhou Intelligent Manufacturing New City in Quzhou, Zhejiang province, have passed on-site verification and document review by Zhejiang's Department of Commerce, becoming the first companies in the city to receive full provincial-level policy subsidies for foreign-invested enterprises.

The number of foreign-invested enterprises and the actual utilization of foreign capital in the Quzhou Intelligent Manufacturing New City have steadily increased in recent years, with the latter reaching $334 million in 2025, marking a year-on-year growth rate of 363 percent.

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A bird's-eye view of the Quzhou Intelligent Manufacturing New City. [Photo/Tide News]

In February 2025, the Quzhou Intelligent Manufacturing New City established its Foreign Investment Service Center to address the needs of foreign-invested enterprises. The center has since made significant efforts in areas such as registration, government-enterprise communication, and policy implementation.

"Zhejiang's administrative efficiency is impressive, and Quzhou has left a deep impression on me," said a representative from Purolite (Zhejiang) Technology, expressing gratitude for the attentive service provided by the Foreign Investment Service Center during the policy subsidy application process.

"The speed of provincial- and municipal-level policy subsidy applications and fulfillment has reinforced our confidence in Quzhou's favorable business environment," said a representative from Zhejiang Ruwang Food.