East China’s Jiangsu province reported a sustained increase in industrial investment in the first three quarters so as to continuously turn major projects into new sources of high-quality development. Let’s take a close look.
As a manufacturing powerhouse, manufacturing investment plays an important role in Jiangsu's investment landscape.
In the first three quarters, Jiangsu recorded a 10.1% increase in industrial investment and a 10.7% year-on-year increase in manufacturing investment, 4.5 percentage points higher than the national GDP growth rate and faster than the same period, becoming a key driving force supporting economic recovery and leading transformation and upgrading.
Located on the east coast of Sheyang Port, Jiangsu Hengtong Haineng Technology Co., Ltd. has put into operation the first phase of the submarine cable project with a total investment of 5 billion yuan, which is expected to produce an annual output of 2 billion yuan.
In the second phase of the plan, the enterprise will invest in the production of 500 kV, the world's largest underwater voltage level, and the maximum length of 18 kilometers of seamless underwater cable with an expected annual output value of 3 billion yuan.
In the Sheyang Port Economic Development Zone, two projects with over 1 billion yuan, such as the Hengtong Cable, have been completed this year, three have started construction, and more than ten new projects have been signed.
“This project has played a strong and complementary role in the development of coastal new energy and other industries, and has become a living water source for us to give full play to our marine advantages for high-quality development. Since the beginning of this year, our industrial park has recorded a 12.6% increase in invoicing revenue from last year, with strategic emerging industries accounting for over 65%,” said Chen Shuangxi, Secretary of the Party Working Committee of Jiangsu Sheyang Port Economic Development Zone.
492 of the 500 provincial-level major industrial projects implemented in Jiangsu this year belong to the advanced manufacturing industry.
On the banks of the Yangtze River in Rugao, China Railway Shanqiao (Nantong) Co., Ltd., a national intelligent manufacturing demonstration factory, records 80% of its production lines in intelligent forms.
This year, the company undertook the construction of seven Yangtze River bridges. The Changzhou-Taixing Yangtze River Bridge, the world's largest span highway and railway cable-stayed bridge, and the Zhangjiagang-Jingjiang-Rugao Yangtze River Bridge, the world's largest span suspension bridge, have increasingly high requirements for the durability, toughness, and welding strength of steel structures. The application of welding robots and comprehensive intelligent transformation have enabled the manufacturing of steel structures to support the construction of modern large bridges.
“This type of large cross-border bridge has some durability fatigue diseases. By investing in intelligent manufacturing equipment and using this automated welding and assembly equipment, we can avoid the occurrence of these diseases. On the other hand, the control of intelligent manufacturing systems has improved our efficiency,” said Ma Haopeng, Director of the Engineering Technology Department of China Railway Shanqiao (Nantong) Co., Ltd.
The latest statistics show that in the first three quarters, more than 10000 enterprises in Jiangsu completed intelligent upgrading and digital transformation by investing over 80 billion yuan. The investment growth in the manufacturing industry and the continuous optimization of investment structure have become reliable support for the sustainable development of the province's economy.
