Jiangsu ahead of schedule in major project investment in Q1
This photo taken on March 13, 2024 shows a test train running on the Yangkou Port-Lyusi Port Railway in Haimen District, Nantong City, Jiangsu Province. (CFP Photo)
Jiangsu has made a faster-than-planned progress in promoting investment into its designated major projects in the first quarter of the year, according to the province’s Development and Reform Commission on April 11.
Jiangsu has designated 510 provincial-level major projects with an annual planned investment of 640.8 billion yuan. In the first quarter, Jiangsu completed investment totaling 166.9 billion yuan, or 26%, which is slightly higher than the level of the same period last year.
In the private industrial investment category, Jiangsu completed investments in the first quarter totaled 14.92 billion yuan, with 66 of 132 planned new projects launched already.
This smooth progress came after various measures at the provincial and municipal levels were implemented to help enterprises address their difficulties. Authorities made on-site visits to introduce supportive policies and listen to the views and suggestions of enterprises in speeding up the project construction.