Yaowang sub-district in Taixing city, located in East China's Jiangsu province, has since the start of the year focused on high-quality projects with large investment scale, high-tech content, and high added value to boost economic development.
From January to June, the sub-district signed three projects worth over 100 million yuan ($14.02 million) each, broke ground on four industrial projects worth over 100 million yuan each and completed the construction of two industrial projects worth over 10 million yuan.
Work gets underway in the plant run by Taixing Yike Electronic Technology. [Photo/WeChat account: txfabu]
At Taixing Yike Electronic Technology, the automatic production line for common-mode inductor components has been operating at full load.
Last year, the company launched the 100-million-yuan project and its inductive components have been used in various electronic products.
After its new factory went into use in June this year, the company's production efficiency has greatly improved by introducing a new automated production line.
Plans are for the sub-district to break ground on 13 projects worth over 10 million yuan each and to finish the construction of nine projects worth over 10 million yuan each throughout the year.