The fixed-asset investment of Taixing, a county-level city administered by Taizhou in East China's Jiangsu province, hit 6.26 billion yuan ($910.10 million) in January and February, ranking first in Taizhou.
Major projects have driven the stable growth of fixed-asset investment in Taixing. In the first quarter of the year, the city attracted 130 inbound projects, an increase of nine compared to the same period last year, with a planned total investment of 11.6 billion yuan.
A close look of the intelligent manufacturing plant in Taixing Huangqiao Economic Development Zone. [Photo/WeChat account: txfabu]
In the Taixing Huangqiao Economic Development Zone, construction on an intelligent manufacturing plant invested in and operated by Jiangsu Xinsu Investment and Development Group Co Ltd is underway, with a total investment of $150 million, covering about 200 mu (13.33 hectares) in land. It features four sub-projects, two of which have completed construction.
In addition, a high-end numerical control tool project has started construction, aiming to build a high-end numerical control tool manufacturing base in China.
The Taixing Huangqiao EDZ is expected to start construction on five 100-million-yuan projects, complete four 100-million-yuan projects, and complete 2.25 billion yuan in fixed-asset investments in the first quarter of the year.