Jiangyan district in Taizhou has recently outlined its 2025 industrial growth targets, aiming for approximately 6.5-percent growth in gross regional product and over 7-percent growth in industrial sales.
An aerial view of Jiangyan district, Taizhou. [Photo/WeChat account: jyrmzf]
Key initiatives include securing the 5.05-billion-yuan ($692.91 million) Hithium Energy Storage project, breaking ground on Shuangdeng Group’s 5-billion-yuan battery project and Xiuzheng Pharmaceutical’s East China manufacturing center, and accelerating construction on Shenyue Technology's high-performance electric drive system project. The district also aims to complete and launch a batch of major projects, including National Oilwell Varco's new project.
Efforts will focus on strengthening traditional sectors such as auto parts, oil and gas equipment, and pharmaceuticals, while also fostering emerging industries in new energy and electronic information, with production targets of 22 billion yuan and 10 billion yuan, respectively.