East China’s Jiangsu province will launch the construction of 2,180 major investment projects totaling more than 100 million yuan of capital in the first quarter.
China Hydraulic Science and Technology Museum, a major investment project at the provincial level, started construction in Huai’an at the beginning of the year.
Yangzhou Huajian Tianheng started the construction of high-end transmission equipment industrialization project early this year.
Construction also went ahead on the national third-generation semiconductor technology innovation R&D and industrialization base. Upon its operation in late 2023, the base is expected to provide strong support for the development of third-generation semiconductor technology.
In the first quarter, Jiangsu will start construction of 2,180 investment projects with individual investment of more than 100 million yuan, a gain of 714 projects year-on-year. The annual planned investment will reach 572 billion yuan, an increase of 134.3 billion yuan over the previous year.
479.2 billion yuan will be invested in 1,819 industrial projects, and 27.6 billion yuan will be invested in 115 innovation carrier projects.Major investment projects are the driving source of economic development, and are related to the stable development of enterprises, employment, taxation, finance and other fields. In accordance with the tasks of the provincial party committee and the provincial government, all local governments and government departments in the province will speed up the simplification of the approval formalities and continue to optimize the business environment.
