Huai’an Boosts Large Investment Projects Construction
The city of Huai’an has made unremitting efforts to boost the construction of large investment projects through varied means and diversified efforts.
Jiangsu Advanced Memory Semiconductor Corporation, specialized in the production and research of the fourth generation storage devices, is expected to turn out 4.5 billion yuan of sales each year when it is put into operation in 2018. The local government has taken the trouble to keep track of the progress of the project from the design to the implementation.
Authorities in Huai’an have spared no efforts since the start of this year to ensure the smooth progress of the large investment projects.
A slew of preferential policies and favorable measures have been taken to help deal with the tough problems arising in the course of the construction.
As of July 7th, construction has been in full swing for the 57 large investment projects with 8.4 billion yuan of capital fulfilled, standing for an accomplishment rate of 30.4%.
In the first six months of this year, Huai’an accomplished 72.58 billion yuan of industrial investment, up 11% from a year ago.
Source: JSBC International