Huai'an Adds 40 New 100 Million-Yuan Projects
According to Jiangsu media reports on April 4, from January to February, 40 new projects each worth more than 100 million yuan (15 million US dollars) were launched in Huai'an city, an increase of 3 percent over the same period in 2017. It shows 18.7 percent of the city's target for 2018 has been completed and is 2 percent ahead of schedule.
In newly started industrial projects valued over 100 million yuan, Huai'an has begun 21 such projects, four more than the same period last year, and completed 14 percent of annual goal. Among them, six are equipment manufacturing projects with a total investment of 1.765 billion yuan. The number of equipment manufacturing projects and their investment scale both ranked first in all industries. There are three chemical projects with a total investment of 550 million yuan, two electronics information industry projects with a total investment of 1.21 billion yuan, and two food industry projects with a total investment of 226 million yuan.
The list also includes one pharmaceutical industry project with an investment of 120 million yuan, and five traditional industrial projects such as machinery, light industry and textiles with a combined 610 million yuan investment. Two new energy power generation projects had a total investment of 1.05 billion yuan.