The city of Nanjing will boost its overall investment in new infrastructures, new industries, new consumption and new urban construction a bid to spur economic growth and offset the impact of the global pandemic on the economy.
Nanjing will spare no efforts to fulfill this year's economic and social development goals by making targeted arrangements to minimize the impact of the epidemic.
According to the action plan for new infrastructure, Nanjing will start 100 municipal projects with an investment of 545.4 billion yuan to accelerate the construction of 346 new infrastructure and related industry projects at the municipal and county levels.
The city will speed up the construction of new infrastructure projects such as 5G base stations, intercity high-speed railways and urban rail transit, new energy vehicle charging piles, big data centers, artificial intelligence, industrial Internet. Efforts will be made to ensure that these projects will be put into operation as soon as possible.
Nanjing will also boost consumer confidence, lead consumer trends, and expand consumer energy levels by developing new consumption models, Internet celebrity economy, livestreaming economy and online consumption experience at night.
In the meantime, the city will pilot a two-and-a-half-day weekend in a bid to boost consumption.
The city is now expecting 1.6 trillion yuan of sales in wholesale, retail, accommodation and catering in addition to 510 billion yuan in e-commerce.
Nanjing will seize new opportunities and new windows for development by focusing on industries such as a new generation of digital economy, new medicine and new health, intelligent connected cars, new urban industries and new business formats in the future.
Efforts will be made to create a new development platform, develop new application scenarios, and strengthen the support of major projects in a bid to help leading enterprises to take the lead in integrating the upstream and downstream of the industrial chain, and improve the industrial chain. The city is expected to register a business scale of over 400 billion yuan in new industries this year.
Nanjing will invest 120 billion yuan in 260 projects such as shantytown renovation, public infrastructure construction, and modern transportation hub upgrade to ensure that the city will be more livable, more secure, more humane, and more modernized.
(Source:ourjiangsu.com)
