State-owned enterprises in Jiangsu have given full play to the supporting factors of transportation, energy and land resources to promote the economy to higher quality-oriented and make the reform bonus accessible to the people.
People in Jiangsu are finding it easier to travel abroad than it was in the past as they are now able to take direct flights to Southeast Asian countries, the USA, Germany, Canada and many other countries and regions.
In 2014, Nanjing Lukou International Airport put into operation the T2 terminal which was built at a cost of 10 billion yuan.
Over the past three years, the airport has opened 135 and 23 domestic and international flights to directly spur the growth of the province’s economy and consumer demand.
140000 Jiangsu people traveled abroad in the first half of this year. By the end of this year, the Lukou International Airport will register 360000 flights, 30 million passenger throughput and 800000 tons of cargo capacity, giving a strong impetus to the province’s export-oriented economy.
Over the past five years, state-owned enterprises in Jiangsu have spearheaded many large investment projects and livelihood projects across the province.
Jiangsu Coastal Development Group, for example, has given a strong impetus to the development of modern agriculture by establishing the Coastal Industrial Fund to give a full play to the development of the advantageous coastal industries such as new energy and promote the state-owned capital clustering towards the industrial chain's middle and high-end.
In the recent five years, the state-owned enter prises have invested more than 40 billion yuan each year with over 96% concentrated on infrastructure, energy and resources and strategic new industries.
Jiangsu High-tech Investment Group has participated in the establishment and management of the National SME Development Fund and the Provincial Fund for Belt and Road Initiative.
Jiangsu Water Supply Company has completed the eastern flank of the phase I project of the country’s south-to-north water diversion project.
Jiangsu Transportation Holdings Co. Ltd is one of the stake-holders in the investment on the construction of 1904 kilometers of railway.
The provincial rural credit cooperative has contributed 96% to the province’s entire grant of agricultural loans.
The vigor, control power and influence of the state-owned economy are obviously enhanced.
