Statistics show that in the first three quarters, Jiangsu reported a year-on-year growth of 3.5% in fixed asset investment, 0.1 percentage points higher than that in the January-August period, and 0.2 percentage points higher than that in the first half of the year.
Binhu District of Wuxi recently signed more than 80 high-end projects in the fields of intelligent manufacturing and integrated circuits. 12 major projects with an average investment of more than 1 billion yuan totaled 19.9 billion yuan.
Nantong is speeding up the construction of a number of major transportation projects, including the Zhangjiagang-Jingjiang-Rugao Yangtze River Bridge.
Zhou Jianfei, Director of Nantong Transportation Bureau
The smooth progress of major transportation projects has also accelerated the investment in local supporting projects. Nantong has invested 4.139 billion yuan in key areas such as sewage treatment and water supply network construction.
Since this year, Jiangsu has also comprehensively improved its capital, land, environmental capacity, energy and power security capabilities.
Statistics show that in the first three quarters, 2773 projects worth more than 1 billion yuan were under construction across the province, with a year-on-year growth of 15.2%.
The provincial infrastructure investment increased by 4.9% year on year. The province has completed 144 billion yuan of investment in railway, highway and waterway infrastructure construction, accounting for 79.6% of the annual plan, and 10.2 billion yuan of investment in key water conservancy projects, accounting for 75.5% of the total.
In addition to major projects and infrastructure investment, the contribution of manufacturing investment to the provincial economy should not be underestimated.
Jiangsu Lianrui New Material Co., Ltd. produces electronic grade silicon micro powder products, and its market share ranks first in China.
The company's digital production line,with an investment of 300 million yuan,has entered the equipment commissioning stage, and the production capacity will directly double after being put into production.
The enterprise's large investment has resulted from a series of practical measures taken by the local government to enhance the enterprises' confidence in development.
Lin Ming, General Manager of Lianrui New Materials (Lianyungang) Co., Ltd.
Since this year, Jiangsu has effectively strengthened tax and fee reductions, increased financial subsidies and technical personnel support, and continued to promote the targeted implementation of various preferential policies for enterprises.
In the first three quarters, the province's manufacturing investment increased by 11.2% year on year, 7.7 percentage points higher than the total fixed asset investment. Investment in high-tech manufacturing increased by 14.9%. The rapid growth of manufacturing investment is helping Jiangsu's economy to recover steadily.
