In January and February, Jiangsu reported a continuing rise in the fixed assets investment with investment in major projects playing a significant supporting role, according to Jiangsu Provincial Bureau of Statistics.
Statistics show that in January-February, Jiangsu recorded a year-on-year increase of 15.2% in the number of projects with a total investment of more than 1 billion yuan, and a year-on-year increase of 12.7% in the amount of investment completed, promoting a 3.5 percentage point increase in total investment, with a contribution rate of 77.8% to investment growth.
Of the projects with investment of over 1 billion yuan, Jiangsu reported a 7.9% growth in manufacturing, 29.9% growth in the production and supply of electricity, heat, gas, and water, 53.6% growth in transportation, warehousing, and postal services, 141.9% growth in scientific research and technical services, and 26.5% growth in education.
The rapid growth of major project investment is due to Jiangsu's precise efforts in factor assurance, promotion mechanism, and tracking services.
Since the beginning of this year, governments in various regions have successively established major project promotion working groups, organized dozens of major project commencement promotion activities, and the Provincial Major Project Office has visited 132 project sites, identifying 69 difficulties and issues that need to be coordinated and resolved by provincial departments.
In addition, the natural resources department advanced 30 thousand mu of land for various regions, and the financial department sorted out and followed up the project financing needs as soon as possible. Currently, 72 of 133 new projects have been started, accounting for 54.1% of the total number of new projects started in the year, 9 percentage points higher than the same period last year.
