The city of Xuzhou has made every effort since the start of this year to promote the construction of major investment projects. JSBC has the story.
The Tiantong Large Size Piezoelectric Crystal Material Project is a provincial-level major industrial project with a total investment of 1.468 billion yuan. The first phase of construction has entered the trial production stage.
This internationally advanced intelligent chemical factory will produce 4.2 million high-performance piezoelectric chips each year, with an annual output value of 1.4 billion yuan and a tax revenue of 350 million yuan.
“As the most critical raw material in the upstream of the 5G RF industry chain, we can contribute positively to the high-level self-reliance of Xuzhou in China’s 5G industry chain,” said Xu Qiufeng, General Manager of Tiantong Kaiju Technology Co., Ltd.
Xuzhou makes every effort to promote major investment projects and ensure the overall improvement of economic operation.
From January to March, Xuzhou recorded an investment of 7.04 billion yuan, completing 20.8% of the annual plan.
Xuzhou has focused on key links such as project signing and registration, procedures handling, commencement, and production so as to have established a comprehensive, real-time tracking, and dynamic management mechanism to promote project quality and efficiency improvement.
In the first quarter, Xuzhou recorded a regional GDP of 201.625 billion yuan, a year-on-year increase of 5.8%.
The primary, secondary, and tertiary industries reported added value of 11.369 billion yuan, 75.398 billion yuan, and 114.858 billion yuan, with an increase of 3.2%, 5.1%, and 6.4% respectively.
