Huai'an China News and Events
Steady Economic Growth of the Development Zones and Parks in Huai'an
time:2019-08-16

Since the beginning of 2019, the development zones and parks of various types in Huai'an have been focusing on transformation and upgrading, and improvement of quality and efficiency, and thus had steady economic growth. 

Faced with such unfavorable circumstances as complex international and domestic economic situation, escalating Sino-US economic and trade frictions and shrinking global cross-border investment, the zones and parks still achieved steady economic growth. In the first half of this year, the key economic indicators of actual foreign capital on account, newly approved foreign capital projects, and invoices issued by enterprises above designated size increased substantially over the previous year. The actual foreign capital on account increased by 22.1% year-on-year.

These zones and parks take other advanced development zones in Jiangsu Province as models and try to improve the industrial strength by focusing the attention on "three new and one special" leading industries, investment promotion of industrial chains, and introduction of high-quality projects. The first half of 2019 witnessed 23 major foreign investment projects with a total investment of more than USD 30 million, up 43.8% over the previous year, and almost a half of these projects are major foreign investment projects.