East China’s Jiangsu province reported a year-on-year growth of 11.1% in the output value of high-tech industries in the first three quarters of this year, latest statistics show.
Since the beginning of this year, Jiangsu has made great efforts to improve the quality and efficiency of scientific and technological innovation supply, to minimize the adversities of the epidemic on innovation activities, and to continue to restore the development of high-tech industries so as to have provided important support for high-quality economic and social development.
The latest statistics show that from January to September, the province’s output value of high-tech industries increased by 11.1% year-on-year, 1.5 percentage points higher than that of the entire industrial sector, accounting for 48.9% of the industries above designated size, and 1.4 percentage points higher than that at the end of last year.
The output value of high-tech industry in September increased by 14.9% year on year, maintaining double-digit growth for four consecutive months.
In terms of investment, the province’s investment in high-tech industries increased by 15.3% from January to September, 1.8 percentage points higher than that in the first half of the year.
Yixing-based Far East Co., Ltd., a high-tech enterprise focusing on cable, battery and airport business, invested 3 billion yuan to build a high-end offshore cable industry base in Nantong.
Since this year, Far East has increased investment in research and development, innovated product forms, developed internationally leading ultra-high voltage series conductors, and applied the products to national major projects such as Baihetan - Jiangsu ± 800kV ultra-high voltage transmission line.
Chen Jing, Deputy Secretary of the Party Committee and Director of Far East Holding Group, CEO of Far East Cable Industry, told the reporter that by the end of September, the contracts they won and signed totaled nearly 17.3 billion yuan, a year-on-year increase of more than 25%. In the last quarter, the Far East will ensure a steady and sound development momentum with “timely and perfect products and services”.
Enterprises are the main body of innovation and the source of innovation vitality.
Since the beginning of this year, the science and technology departments at all levels in the province have increased policy support. From January to September, the province has issued 5.46 billion yuan of new science and technology loans, an increase of 11% year on year. The rent reduction for start-ups across the province exceeded 300 million yuan.
Jiangsu accelerated the gathering of development momentum under the continuous optimization of the innovation and entrepreneurship environment. From January to September, more than 70000 small and medium-sized technology-based enterprises were awarded warehousing registration number by the Ministry of Science and Technology, standing for a year-on-year growth of 18.7% and ranking first in China.
The high-tech enterprises, accounting for 29.5% of the industrial enterprises above the designated size in the province, recorded 39.7% of the industrial output value and 68.6% of the high-tech industrial output value, becoming an important force for stable growth.
