Taicang plans to invest 57.5 billion yuan ($9.37 billion) in fixed assets this year. The decision was revealed at a conference for Taicang fixed-asset investment and key projects.

The city will spare no effort on the construction of 86 key projects, while at the same timegiving priority to attracting greater investments. It will also simplify procedures for approving fixed-asset investment projects in order to offer convenience for investors.

Last year, the city invested a total of 52 billion yuan in fixed assets, an increase of 10.2 percent over the previous year.

In 2014, the city aims to invest 57.5 billion yuan in fixed assets, while 28.8 billion yuan will be used on industrial projects and 28.7 billion yuan will be invested on service projects.