Huai'an China Investment Investment News
The Construction of Major and Extra-large Projects of Huai'an Accelerated

The year 2019 is of crucial importance for major and extra-large projects in Huai'an. Great efforts have been made to realize the overall objectives of this year. The construction of industrial projects has three characteristics. First, the number of projects increases compared with last year. From January to May, there were 259 projects under construction, 42 more than last year, each with the minimal investment of 100 million yuan. Among them, the construction of 80 new projects such as Lichuang Electronics and Haike Fibers started this year, 22 more than last year. These projects account for 43.2% of the annual target, 1.5 percent higher than the objective set for the period of this year. Second, the investment of these projects is relatively large. From January to May, there were 29 major industrial projects under construction with a total investment of 44.8 billion yuan, and the number of projects and investment increased by seven and 16.4 percent compared with the same period of last year. The equipment is being installed for the projects of Junsheng New Energy Battery, Yuema Wheel Hub, etc. Minan New Energy Vehicle, Alumeige Fire-proof Metal Composite Board and so on will soon be put into production. Third, project structures are optimized. Of the 259 projects under construction, 237 were manufacturing projects, 54 more than last year. The proportion of manufacturing projects in industrial projects increased from 84.3% to 91.5% this year. Among them, there are 85 leading industrial projects of "Three New and One Specialty Industries", an increase of 4, and accounting for 32.8% over the same period of last year.