Yaowang sub-district in Taixing. [Photo/WeChat account: txfabu]
Since the beginning of this year, Yaowang sub-district in Taixing, Jiangsu province, has focused on improving the quality and upgrading of industries, continuously making efforts in enterprise cultivation, project development, and business environment.
Creative jewelry that integrates regional culture and intangible cultural heritage skills has become popular in the market this year. Jiangsu Yifan Accessories, located in the sub-district, has been launching more than 25 new products every month. The company's sales are expected to reach 45 million yuan ($6.71 million) for the whole year.
Taixing Zhongkai Ship Equipment has been engaged in ship supporting equipment for many years, specializing in the research and development, manufacturing, and installation of ship ventilation ducts and ship outfitting components.
Relying on the trend of the shipbuilding and offshore industry, the company continues to expand production and improve quality by insisting on technological innovation. This year, the company's output value has increased by 30 percent year-on-year.
The sub-district cultivated 11 industrial enterprises, five service industry enterprises, and six wholesale and retail units in the first half of this year. It achieved industrial invoiced sales of 752 million yuan generated by enterprises above a designated size in the first half, a year-on-year increase of 11 percent.