East China’s Jiangsu province reported stable industrial investment growth in the first seven months of this year, as is evidenced by the significant increase of installed industrial capacity submitted for application, which has provided strong impetus for industrial growth and industrial structure optimization in the second half of the year.
Statistics show that from January to July, the province's industrial investment increased by 6% year-on-year, an increase of 0.3 percentage points over the same period of last year, 0.6 percentage points higher than the province's fixed asset investment, and 1.9 percentage points higher than the national industrial investment. Industrial investment in all the prefectural cities has achieved positive growth except for that in Suzhou and Zhenjiang.
Since the beginning of this year, the international situation has been complicated and changeable. The province has advocated high-quality development of the real economy as the ballast stone for economic and social development. All localities have focused on the construction of key projects and allocated more funds to enterprises.
Of the 419 key industrial investment projects scheduled for investment in the province, 68.4% of the annual plan was completed in the January-July period. 100 large projects with a total investment of over 70 billion yuan are estimated for completion operation during the year to generate an annual sales income of 120 billion yuan.
In Nanjing, a number of major projects such as TSMC, Jingneng New Energy and Guoxuan Hi-Tech have progressed smoothly, and industrial investment growth has rebounded ahead of the province.
In Yancheng, the Dongshan Precision Electronics Project, which invested 13 billion yuan in the first phase, was trial-produced in March this year. By July, it has achieved sales revenue of nearly 800 million yuan. After the first phase of comprehensive production, the project is expected to turn out 20 billion yuan of total sales. At the same time, the 5-billion-yuan second phase of the project has also started.
In terms of industrial investment, the province's technological transformation investment grew at a high rate, up 10.4% year-on-year, an increase of 3 percentage points over the same period of last year, which was higher than the province's fixed asset investment and industrial investment by 5.0 and 4.4 percentage points respectively.
The growing figures are indicative that Jiangsu is committed to supporting all localities to guide enterprises to carry out technological transformation at a high level, based on digging into potentials and promoting transformation to upgrade the existing stock scale and achieve quality and efficiency optimization.
(source:ourjiangsu.com)
