In the first half of the year, Changzhou’s industrial investment increased by 14.4% year-on-year and 8.8% over the last quarter. Investment in industrial technological transformation increased by 21.5% year-on-year, 9.7% quarter-on-quarter, 11.8% higher than Jiangsu average, ranking first in southern Jiangsu, accounting for 51.1% of overall industrial investment.
First, the number of newly started projects has increased. In the first half of the year, there were 1,430 industrial projects under construction in Changzhou, including 437 newly started industrial projects, an increase of 34 over the same period of last year; 15 newly started industrial projects planned to invest over RMB 1 billion, an increase of 5 over the same period of last year, and 5 projects exceeded RMB 10 billion in investment, an increase of 3 over the same period of last year.
Second, strong support is provided for large projects worth over RMB 100 million. From January to June, 588 industrial projects worth over RMB 100 million were under construction in Changzhou, an increase of 112 over the same period of last year, and the completed investment increased by 14.3% year-on-year.
Third, the growth of high-tech investment is good. From January to June, high-tech investment in Changzhou increased by 17.8% year-on-year, accounting for 46.1% of industrial investment.
Fourth, the contribution made by technological transformation investment is increased. In the first half of the year, investment in industrial technological transformation boosted industrial investment by 10.4%, accounting for over half of the total industrial investment.