East China’s Jiangsu province has managed to boost the development of the brick-and-mortar economy since the start of this year, as is evidenced by the month-on-month increase of industrial investment, which has propelled the industrial growth and high quality development throughout the year.
At the Jiangsu Fule Semiconductor Technology Co., Ltd. in Dongtai, the intelligent workshop is producing ceramic copper-clad substrates for bonding substrates of semiconductor electronic components.
In the past, hundreds of small electronic components needed to be soldered to the bottom plate but now they are glued to the ceramic copper-clad substrate, which has contributed to quality improvement substantially.
At present, only four companies in the world can materialize the production of ceramic copper-clad substrate. The first phase of the project has been put into operation with an annual output of 350,000 pieces while the company has filled its orders all the year round. When the second and third phases are put into production, they will have a production capacity of 1 million pieces per month.
In the face of the severe international economic and trade situation, the province has relied on the real economy as the ballast stone for high-quality development by injecting capital into brick-and-mortar businesses and technological innovation projects.
The province has promoted the construction of 4450 large industrial investment projects averaging more than 100 million yuan of individual investment. 266 trillion yuan has been injected into these projects, including 18444 innovative projects. They are expected to come up with more than 8700 patents and 140 billion yuan of sales revenue.
Statistics show that the province’s industrial technology investment growth has been maintained at a pace of around 10% year on year, higher than the province's fixed asset investment and industrial investment.
In the meantime, the growth rate of private industrial investment is higher than the provincial industrial investment. Local enterprises have continued to improve research and development conditions and increase investment in research and development instruments and tools in new projects, especially emerging industries. Efforts have been made to constantly accelerate the pace of industry 4.0 and the intelligent transformation of design, production and sales
At present, the number of intelligent workshops in Jiangsu ranks first in the country, effectively reducing costs, increasing labor productivity, and promoting the development of high quality industries. Since the start of this year, while Jiangsu's industry is growing steadily, its profits are rising month by month, the growth rate is higher than that of industrial growth, and its competitiveness is further enhanced.
