Zhangjiagang has prioritized the development of new quality productive forces in recent years, with investments in emerging and high-tech industries showing rapid growth in the first nine months of 2024.
An aerial view of Zhangjiagang. [Photo/WeChat account: zhangjiagangfabu365]
From January to September, the city recorded 19.58 billion yuan ($2.7 billion) in investments in emerging industries, a year-on-year increase of 5 percent. The sector accounted for 51.2 percent of Zhangjiagang's total fixed asset investment, a 7.8 percentage point rise from the same period last year.
High-tech industry investments reached 5.34 billion yuan during the same period, marking a 19.3 percent increase year-on-year. These investments comprised 28 percent of the city's total industrial investment, up 3.5 percentage points from the previous year.
Among emerging industries, investments in new energy, high-end equipment manufacturing, and biopharmaceuticals grew significantly, rising by 38 percent, 24.8 percent, and 23.4 percent, respectively.
In the high-tech sector, investments in aerospace and intelligent equipment manufacturing surged, increasing by 450 percent and 144.7 percent, respectively.