NETDA advances economic growth
A Party-building sign in the NETDA envisions the Chinese dream of realizing national rejuvenation and achieving development goals through reform and opening-up. [Photo provided to NETDA]
In the evaluation of national economic and technological development zones in 2020, released in January, the Nantong Economic & Technological Development Area or NETDA ranked 29th – moving up one place from the previous year, according to local media reports on July 14.
The NETDA is located in Nantong city, in East China's Jiangsu province.
During the current year, the NETDA is said to have taken the lead in its development as a first-class economic development zone in the Yangtze River Delta region, with its high-end industrial modernization and sound industry-city integration and internationalization.
As such, it has striven to reach a new level in the region's economic development boom. The NETDA is now reportedly showing encouraging momentum in its accelerated development.
Statistics showed that from January to April this year, the NETDA's general public budget revenue reached 2.77 billion yuan ($428.2 million), up 25.5 percent year-on-year. Industrial taxable sales revenue increased by 31 percent, taxable sales in the service sector increased by 36 percent and industrial electricity consumption increased by 26 percent.
In addition, investment in fixed assets increased by 15 percent from January to April. Total imports and exports increased by 25 percent.
Zhang Jianhua, secretary of the Party working committee of the NETDA, said at a recent group contract signing ceremony for major projects in the second quarter that attracting fresh investment and sustaining its development was the zone's top priority.
He said that in the first quarter, 14 major projects signed up to move to the zone, including eight advanced manufacturing projects, with a total investment of 15 billion yuan. By the end of March, a group of 31 major projects had broken ground there with a total investment of 57.8 billion yuan.
In late April, nine major projects participated in a second quarter joint launch ceremony, with a total investment of 22 billion yuan.
