Kanion Pharmaceutical Intelligent Logistics Center (CFP Photo)

From January to July, the high-tech enterprises above designated size in Lianyungang generated an output value of 59.025 billion yuan, accounting for 40.25 percent of the total by the city’s all enterprises above designated size, basically the same proportion as in last year.

Among them, 33 pharmaceutical enterprises contributed an output value of 33.455 billion yuan, followed by 14.337 billion yuan from 92 manufacturing enterprises in the new materials industry and 4.906 billion yuan by seven new energy enterprises, with the later reporting the fastest growth of 22.99 percent year on year.

Meanwhile, another 56 companies in intelligent equipment manufacturing industry generated an output value of 3.922 billion yuan, which indicates a stable recovery after the coronavirus disruption.

The coastal city has given priority to incubating new high-tech enterprises and supporting key projects and enterprises in order to develop a full-fledged industry. The city has also made efforts to facilitate Fintech, establish the S&T service center, and facilitate the start-up and entrepreneurship.