Jiangsu reports robust economy in 2023

East China’s Jiangsu province reported a steady increase in economic indicators in 2023, with the positive trend of economic recovery continuing to consolidate and solid steps taken towards high-quality development, according to statistics from the first 11 months.

The Sheyang Port Power Plant has put into commercial operation two one-million-kilowatt coal-fired power generation units after the expansion project passed 168 hours of full load trial operation.

These two-million-kilowatt units have become the first million-kilowatt coal-fired power generation project put into operation in Jiangsu Province during the 14th Five Year Plan period.

The project with a total investment of 9 billion yuan is constructed by using the most advanced secondary reheat technology in China, with high energy utilization efficiency and achieving ultra-low and near zero emissions in various environmental indicators.

The full operation of these two million units has increased the total installed capacity of the Sheyang Port Power Plant to 3.32 million kilowatts, with an annual power generation of 17 billion kilowatt hours.

“The project has quickly filled the power gap in Jiangsu, further optimized the power layout of the province, and effectively enhanced the peak power allocation capacity of the regional power grid,” said Wu Jiang, Secretary of the Party Committee and Chairman of Jiangsu Guoxin Group Sheyanggang Power Generation Co., Ltd.

The operation of major infrastructure projects such as power and energy provides a strong guarantee for the sustained growth of the manufacturing industry, ensuring the construction and commissioning of manufacturing projects.

From January to November 2023, Jiangsu recorded a year-on-year growth of 9.4% in manufacturing investment, 4 percentage points higher than fixed assets investment. The investment in electrical machinery and equipment, automobiles, general equipment, and specialized equipment increased by 47.3%, 21.7%, 11.2%, and 8.3% respectively.

Changzhou has recently started the construction of the Yangtze River Delta Synthetic Biology Industry Innovation Park by building an innovative chain for the research and development of cutting-edge key technologies in synthetic biology, incubation of achievements, and demonstration of green industries in a bid to create an industry with an output value of billions of yuan.

Changzhou Hequan Pharmaceutical, invested and constructed by world-renowned WuXi AppTec, will carry out global new drug contract research, development, and production to support the research and production of small molecules, oligonucleotides, peptides, and various complex chemically coupled drugs.

“We have been deeply involved since the early stage of project implementation by handling and solving practical difficulties and problems for the enterprise in various stages of the project. When the project is put into production, we will target upstream and downstream demands of the enterprise's industrial chain and supply chain, so that the enterprise can quickly meet its production expectations,” said Hu Yu, Deputy Mayor of Xuejia Town, Xinbei District, Changzhou.