NETDA posts stable economic growth in Jan-Sept

The Nantong Economic and Technological Development Area (NETDA) in East China's Jiangsu province maintained its stable economic growth in the first three quarters of this year, with its GDP rising 2.4 percent year-on-year, according to local statistics authorities. 

During the same period, the added value and combined output value of industrial enterprises above designated size in NETDA expanded 8.4 percent and 16 percent year-on-year respectively, according to official data from the area's bureau of statistics. 

NETDA's aggregate sales volume jumped 17.9 percent a year-on-year and its retail sales of social consumption goods rose 4.7 percent year-on-year during the first nine months of this year. 

The actual utilization of foreign capital in the area increased 11.13 percent year-on-year, while the imports and exports soared 29.9 percent year-on-year from January to October. 

One of the reasons behind this grow is this the implementation of measures rolled out by NETDA authorities. These measures include attracting more effective investment to develop the real economy and promoting the transformation and upgrading of its traditional industries. 

Thirty-one domestic-funded projects and 20 foreign-funded projects were registered in the area during the period.