Local officials visit a plant in Zhangjiagang. [Photo/WeChat account: zhangjiagangfabu365]
With a total investment of 48.23 billion yuan ($6.61 billion), 131 projects have started construction or were put into operation in Zhangjiagang during a project promotion meeting on Nov 9.
The projects included 101 industrial projects, 10 innovation carrier projects, eight eco-environmental protection projects, seven livelihood projects, and five infrastructure projects.
Among the projects, the high-end wind power equipment project of XQL (Jiangsu) Heavy Industry Technology Co represented a total investment of 3 billion yuan. It mainly focuses on the production of large-scale bearings, which are primarily used in offshore wind power and supporting equipment, as well as tunneling machine equipment. After the project is put into operation, it will have an annual output of 120,000 tons of high-end wind power equipment.
Furthermore, over 70 percent of the projects involved are advanced manufacturing projects, and nearly half of them are emerging and future industry projects, indicating the high quality and strong development potential of local industries.
This year, Zhangjiagang has focused on supporting high-quality urban development with high-end projects. In particular, the initiation of the XQL wind power equipment project was not only a reflection of the proposal of "signing contracts and starting construction within the year", but also fully embodies "Zhangjiagang speed" in fostering projects and investment.