Yangzhou boosts economic growth for people’s well-being
2017-10-11 11:15:00

The city of Yangzhou has relied on the introduction of large investment projects as an important link for the consolidation of the industrial structures and optimization of the industrial levels to make the city more habitable for the local people who have in turn had a better sense of gain from the fruits of reform.

GKN Powder Metallurgy Yizheng Co. Ltd is stepping up its production to respond to the market need for automotive engines, steering system, spare parts of the brake system.

The company’s world-class technology has enabled it to become the supplier to Volkswagen, Mercedes-Benz, Ford and some other renowned automakers.

Construction on the workshops began in 2012 before full-scale operation was materialized in 2014. The speedy development is evidenced by the growth of the output value from 2 million yuan to 100 million yuan in a matter of three years.

Over the past five years, Yangzhou has strived for the all-round promotion of investment projects through the establishment of major project databases, major project propulsion management system and on-site video transmission system to achieve multi-faceted network control.

At present, the added value of the six basic industries, such as automobiles, machinery, tourism, software and Internet, has accounted for about half of the city’s GDP.

The city’s economic aggregate has exceeded 300 billion yuan and 400 billion yuan for two years in a row. In 2016, the per capita disposable income for the urban and rural residents surged to 35659 yuan and 18057 yuan, up 8.2% and 8.7% respectively from a year ago.

In the meantime, the quality of the urban life is increasing continuously to give people more sense of gain.

The local people have been ensured easy access to round-the-clock bookstores with each bookstore reaching out to 26000 people within a walking distance of 15 minutes.

The city authorities have also stepped up the efforts for the construction of eco-friendly sports gardens to rebuild urban structures with green public space. The local residents are now assured of easy access to each of the 9 eco-friendly centers and eco-friendly sports gardens with a ten-minute’s walk.

Source:江苏国际频道 Editor:Cassie
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