A high-speed train passes through the countryside of Taizhou City, Jiangsu Province, in this photo taken on October 10, 2024. (CFP)

From January to October this year, Jiangsu’s manufacturing investment increased by 8.0% year-on-year, 6.2 percentage points higher than the province’s average investment growth rate.

During the same period, the province's fixed-asset investment grew by 1.8% year-on-year, with investment in manufacturing and infrastructure serving as key driver of the growth.

In the first ten months of this year, the province saw 3,399 projects each with an investment of over 1 billion yuan, an increase of 100 projects compared to the same period last year.

Meanwhile, infrastructure investment surged by 12.8% year-on-year. Large-scale infrastructure projects played a particularly significant role in driving the growth. Specifically, investments in projects exceeding 500 million yuan and 1 billion yuan increased by 18.8% and 17.2%, respectively.

Among the 16 major infrastructure sectors, the production and supply of electric power and heat power, along with road transportation, emerged as two key growth drivers, contributing 12.5 and 3.6 percentage points, respectively, to the investment expansion.

From January to October, private investment in the province increased by 3.5% year-on-year.