Nanjing completes key investment of $34.47 billion
2018-07-10 16:02:00

In the first half of this year, the 1,716 major projects in Nanjing, rated at provincial, municipal, and district-levels, completed a total investment of 227.79 billion yuan ($34.47 billion), accounting for 53.4 percent of the yearly investment plan.

Among them, 481 major projects at the provincial and municipal levels, completed an investment of 146.92 billion yuan, 54.9 percent of the planned investment for this year.

From January to June, construction started at 326 of 344 major city-level industrial projects, with an investment of 108.44 billion yuan completed, or 73.8 percent of the planned investment. Among them, the manufacturing projects recorded an investment of 34.171 billion yuan, an increase of 42.6 percent over the same period last year.

As of the end of June, 104 manufacturing projects such as TSMC and Tafel lithium battery went into production. It is estimated that the annual sales income of those projects will reach 107.16 billion yuan and the tax revenue will be 7.8 billion yuan. Editor:Dylan