East China’s Jiangsu has stepped up the introduction, cultivation and construction of industrial projects since the beginning of this year with the construction of major projects at the provincial, municipal and county levels reporting steady progress.
Located in Shuyang Economic and Technological Development Zone, Zhengzhong New Materials Co., Ltd. is mainly engaged in the production of nano-modified materials and their products that are completely recyclable. Equipped with 5 production lines, the company has an annual production capacity of 180,000 tons. Its second phase construction is also reporting steady progress.
Focusing on improving industrial base capacity and industrial chain enhancement, Jiangsu has tasked provincial leaders to supervise major investment projects to help solve specific problems by streamlining administrative approval and simplifying settlement procedures.
The high level of construction of major projects has provided strong support for the high-quality development of Jiangsu's economy. From January to August this year, 396 billion yuan was invested in 220 major projects in the province, accounting for 74.3% of the total investment and 7.6 percentage points faster than the progress. 135 billion yuan was invested in 130 major industrial projects, accounting for 74.1% of the total.
43.7 billion yuan was invested in 24 major investment projects supervised by the provincial leaders, accounting for 95.8% of the total annual investment and 22 percentage points higher than the average pace of development.
(Source:ourjiangsu.com)
