East China’s Jiangsu province has stepped up its efforts for the promotion of large investment projects to ensure that they serve as the ballast stones and accelerators for continuous social and economic development.
The province has released a series of measures for the settlement of more investment projects.
]As of the end of October, 466 billion yuan had been injected to 228 investment projects, accounting for 88.9% of the total and higher from a year ago.
This year, the province has also continuously optimized the project selection mechanism by establishing a dynamic adjustment mechanism for major projects and implementing the survival of the fittest policy. Up to now, 10 projects have been cancelled and 14 projects have been added.
In order to further strengthen the leading role of major projects in industrial transformation, Jiangsu has arranged a number of strategic emerging industries and advanced manufacturing projects with core technologies representing the future development direction of the industry. The proportion of industrial projects in major projects has been increasing year by year, effectively accelerating the development of the real economy.
At the same time, the province has continuously expanded the source of new projects, and a large number of projects covering people's livelihood improvement and industrial upgrading have been put into storage in advance. By the end of October, nearly 300 projects with a total contraction of more than 2 billion yuan had been completed, and nearly 200 projects were under discussion, with a total investment of about 3 trillion yuan, which would provide more support for the province to ensure that its high-quality development will rank foremost in the country.
