East China’s Jiangsu province has put stable growth in a more prominent position and made every effort to promote economic recovery by stepping up the construction of major industrial projects.
Geely's high-performance electric drive project, a provincial-level major project with a total investment of 10 billion yuan, is accelerating its construction in Huishan District of Wuxi. In the future, the project will become a new landmark for Geely's new energy vehicle research and development, production and sales.
Tangshan Town of Nanjing has started construction of 5 key industrial projects including the Yangtze River Delta Intelligent Manufacturing and Equipment Innovation Port. These projects will serve Nanjing's technological innovation, equipment manufacturing upgrades, and at the same time further enrich the local cultural tourism industry.
XCMG's new base for intelligent manufacturing of basic construction machinery, a provincial-level major industrial project with a total investment of 5 billion yuan, has been put into use in finished product warehouses and shipping workshops. The company is sprinting the construction of 10 specialized production lines.
A series of preferential policies issued by the government ensured that a number of major projects were put into production as soon as possible. Statistics show that from January to July, the province's investment in fixed assets increased by 3.1% year-on-year, and the investment in projects of 1 billion yuan increased by 16% year-on-year. More than 113 provincial-level major projects have started construction.
