The taxable sales of industrial enterprises above designated size in Yuelai town, Haimen, Nantong, East China's Jiangsu province, exceeded 6.7 billion yuan ($1.05 billion) in 2021, a year-on-year increase of 17 percent.

Chief among the industrial enterprises is Nantong Haiteng Copper Industry Co Ltd, a company that specializes in producing electrical round copper wire, tinned wire and annealed copper stranded wire. As of December 2021, the taxable sales of the company had reached 3.4 billion yuan.

To improve quality and productivity, the company introduced a new wire drawing machine in May 2021. Output is 20 times the usual amount, capable of producing tens of millions of yuan in output every year.

With the continuous expansion of production scale, the company has encountered problems with limited space. The Party committee and government of Yuelai town helped the company expand its 1,000-square-meter factory building and approved 50 mu (3.3 hectares) of land for the new project.

In the future, Yuelai town will continue to support and encourage the development of enterprises to build an important economic growth pole for high-quality municipal and provincial development, said Qian Leizhong, secretary of the Party committee of Yuelai town.