Chongchuan's economic development heats up in Q1
Through investment attraction and project construction, Chongchuan district, Nantong, has made major strides in economic quality and development momentum this year.
In the first quarter, Chongchuan signed agreements on 20 major projects, each exceeding 500 million yuan ($68.28 million) in investment for a total of 11 billion yuan, including three foreign-funded projects. Notably, the introduction of a 500-million-yuan precision aerospace components project has greatly strengthened the regional prowess in aviation manufacturing.
Four projects in the district were listed as provincial-level major projects, while 17 secured municipal-level recognition. Two of the projects—the Gas Turbine project of Huaneng Nantong Gas Turbine Power Generation Co and Packaging & Testing Base project of Tongfu Microelectronics Co—have cumulatively invested 1.08 billion yuan.
Manufacturing upgrades have advanced steadily, with 30 digital and intelligent transformation projects launched in the first quarter. The Nanjing University of Posts and Telecommunications (NJUPT) Integrated Circuit R&D Platform is set to begin operating this year, and 70 industry-academia-research agreements were signed to enhance technological commercialization.
An aerial view of Chongchuan district in Nantong. [Photo/WeChat account: chongchuanonline]