The Taizhou Medical High-tech Zone. [Photo/WeChat account: weigg6666]
The Taizhou Medical High-tech Zone, Taizhou, Jiangsu province, has sparked a wave of capital inflows and production expansion. This growth is attributed to its sustained emphasis on its industries and the establishment of a supportive business environment.
Last year, among the 16 major industrial investment projects implemented in the area, 13 were expansion projects with increased investment.
"We have built a full chain, closed-loop service system for local enterprises from intention mapping to project production, aiming to create an industrial ecosystem which makes local enterprises move towards better development," said Lu Minghang, an official from the zone.
Since the start of this year, the zone has established a project service team that has identified over 140 capital increase and production expansion projects through on-site visits.
A special support fund has also been set up, offering subsidies of up to 10 million yuan ($1.45 million) per project.
Looking ahead, the zone is poised to implement over 100 projects focused on industrial capital increase and production expansion, targeting completion by 2026. At least 20 of these projects are projected to exceed a valuation of 100 million yuan each.