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Jiangyan Economic Development Zone posts big growth in 2023

etaizhou.gov.cn| Updated: January 17, 2024

The Jiangyan Economic Development Zone – located in Taizhou city in East China's Jiangsu province – posted significant economic growth in 2023.

Key data for the year revealed substantial progress, with regional GDP hitting 22 billion yuan ($3.08 billion), marking a 7.5 percent increase year-on-year. 

Total industrial output and industrial billing sales surged to 34.2 billion yuan – a 5.8 percent increase – while fixed asset investment soared to 6.89 billion yuan, up by 20 percent.

Overall, the zone signed up 38 new projects worth over 100 million yuan each. In 2023, seven resident companies were recognized as State-level specialized and sophisticated small to medium-sized enterprises. 

Most notably, ZYfire Hose Corporation listed its shares on the Beijing Stock Exchange, further raising the region's economic profile.

In agriculture, projects – such as sausage processing, fruit and vegetable processing, a mushroom processing center and the Xiaoyang ecological recycling agricultural plant – diversified the zone's agricultural portfolio, earning accolades for their quality products.

Furthermore, the zone invested 12.08 million yuan in social welfare projects and focused on pollution prevention, social security expansion, among other things.

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