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Qidong economic development zone achieves remarkable results in Q1-Q3

en.nantong.gov.cn

Updated: 2020-10-28

Vision Mounts, located in Qidong Economic Development Zone, an enterprise engaged in design and manufacturing of audio-visual equipment brackets, has developed rapidly in the past three years. At the beginning of this year, due to the COVID-19 pandemic, the company was shut down.

After work resumption, it ramped up production, built temporary workshops in the factory area and leased about 20,000 square meters of workshops in the surrounding area to ensure that orders would be completed on time.

It is expected to achieve taxable sales of 300 million yuan ($44.7 million) in 2020, which would be a year-on-year increase of more than 20 percent.

The busy scenes in Vision Mounts' workshops epitomize the Qidong Economic Development Zone. Facing various difficulties and challenges, the zone has striven to upgrade itself to the national development zone level through introducing major projects and cultivating high-quality enterprises.

From January to August, the zone's industrial output value above designated scale was 8.51 billion yuan, a year-on-year increase of 3.6 percent, and the total investment in fixed assets was 4.22 billion yuan, a year-on-year increase of 5.2 percent, of which industrial investment was 3.66 billion yuan, a year-on-year increase of 16.1 percent.

In the first eight months of 2020, the total import and export volume of the whole region was $640 million, a year-on-year increase of 20.19 percent and newly received foreign capital exceeded $52 million, a year-on-year increase of 333.13 percent.