Deals inked for industrial projects worth 30b yuan

Li Xinran
Enterprises reached agreements on 105 new industrial projects with Jiading authorities involving a total investment of nearly 30 billion yuan (US$4.24 billion).
Li Xinran
Deals inked for industrial projects worth 30b yuan
Ti Gong

Enterprises reach agreements on 105 new industrial projects with Jiading authorities involving a total investment of nearly 30 billion yuan (US$4.24 billion) at a signing ceremony in Jiading, 

At a recent signing ceremony in Jiading, enterprises reached agreements on 105 new industrial projects with Jiading authorities involving a total investment of nearly 30 billion yuan (US$4.24 billion).

It was the second ceremony this year after an earlier 98 projects with a total investment of 34 billion yuan.

“A large number of highquality projects introduced this time will play a positive role in the optimization of Jiading’s industrial structure, the improvement of urban functional level, and the improvement of people’s livelihoods,” said Zhang Xi, Jiading’s Party secretary.

“They will also give a new impetus to overcome the impact of the coronavirus and achieving the goals of this year,” Zhang added.

The 105 projects are mainly in the fields of strategic emerging industries, including 69 in the four major sectors: integrated circuits and the Internet of things, new energy vehicles and intelligent vehicle technologies, high-performance medical equipment and precision medicine, and smart manufacturing and robotics.

The total output value of the district’s automotive industry is planned to exceed 500 billion yuan by the end of the year.

The plan also stipulates that the overall scale of integrated circuit businesses should exceed 20 billion yuan, high-performance medical equipment and precision medical industry 28 billion yuan, and smart manufacturing and robotics 15 billion yuan in the same period.

This year finds Jiading in a critical period of accelerating construction of an innovative and dynamic district and improving its functions and core competitiveness.

Jiading’s goals for economic and social development this year are: added value to increase by 4 percent; the general public budget revenue to realize positive growth; growth of the total output of industrial enterprises with an annual business income of 20 million yuan and above to keep pace with the whole city; and the output of strategic emerging industries and total retail sales of social consumer goods to increase by 10 percent.

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