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Nantong science and tech park outlines ambitious goals

chinadaily.com.cn Updated: 2019-01-15

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The 2019 work meeting is held at Sutong Science and Technology Industrial Park in Nantong, East China’s Jiangsu province, Jan 11. [Photo/stpac.gov.cn]

Sutong Science and Technology Industrial Park is gearing up to attract more investment and projects this year, according to an announcement at the 2019 work meeting held on Jan 11.

Officials from the park’s administrative committee outlined its main development goals for this year, including attracting registered foreign capital of $350 million, industrial taxable sales volume growing at 45 percent, fixed-asset investment growing by 30 percent, and the import and export volume up by 35 percent.

Reform and innovation will become the driving force of the park’s development, with environmental protection continuing to be the top priority.

Located in Nantong on the northern bank of the Yangtze River, the industrial park is an important part of economic ties between Singapore and Jiangsu province, and has achieved significant growth since its establishment in 2009.

With a planned area of 50 square kilometers, the park boasts six main industries: precision machinery, electronic information, biological science and technology, new materials, environmental protection and new energy, as well as modern services.

The output values of precision manufacturing and new-generation information technology industries represented year-on-year growth of 25.4 percent and 121.2 percent, respectively, contributing 64.8 percent of the park’s total industrial output last year.

Industrial taxable sales volume in the park reached 4.87 billion yuan last year, representing year-on-year growth of 36.5 percent. The import and export volume increased 58.6 percent to $440 million.

A total of 35 new industrial projects were set up in the park, with nine projects valued above 1 billion yuan ($148.1 million) each.