In the first quarter of this year, fixed assets investment in Xinghua, a county-level city under Taizhou, Jiangsu province, reached 6.34 billion yuan ($931.45 million), up 10.3 percent year-on-year, ranking first in Taizhou.
The investment structure continues to optimize, and private investment has become the core engine driving growth. In Q1, private investment in Xinghua hit 5.4 billion yuan.
Projects are the foundation that stabilizes growth and promotes development. Focusing on major projects, Xinghua has established a full-process service guarantee mechanism, proactively helping projects overcome bottlenecks and difficulties in approvals and construction, thereby promoting early commencement, construction, and completion.
A "Fishery-Photovoltaic Integration" power station in Xinghua. [Photo/IC Photo]
Under this mechanism, project construction accelerated in the first quarter. The city has implemented a total of 49 major projects, which include three at the provincial level and 46 at the local Taizhou level.
While focusing on ongoing projects, Xinghua also responds to the needs of urban development and industrial upgrading, with a focus on key areas such as underground pipeline network renovation, urban renewal, major transportation infrastructure construction and updates to key industry equipment.