Chongchuan district's economy booms in Jan-Aug period
Chongchuan district in Nantong is flying high, witnessing strong economic growth in the current year. [Photo/WeChat account: chongchuanonline]
In the first eight months of 2021, the district of Chongchuan – in Nantong city, in East China's Jiangsu province – was riding a surge in terms of its economic development, with a clutch of indicators ranking first in the city, according to the district's statistics bureau.
During the Jan-Aug period, Chongchuan generated 8.99 billion yuan ($1.39 billion) in general public budget revenue, up 9.3 percent, boosted by local tax revenue which hit 7.97 billion yuan, up 9.2 percent. The key indicators for total general public budget revenue and local tax revenue both came top in the metropolis.
Moreover, during the eight months, the number of authorized patents for inventions, patents for utility models and design patents in the district totaled 4,477 – a year-on-year rise of 27.9 percent, also ranking it first in Nantong.
Investment in non-real estate projects in Chongchuan surged 102 percent over the same period last year, 10 percentage points higher than that of the Jan-July period's gain.
In the first eight months, the district's investment in high-tech industries increased by 49 percent. To top it off, the increases in high-tech manufacturing investment and high-tech service industry investment were 46.2 percent and 53.8 percent, respectively.
Fixed-asset investment in Chongchuan district put in a more modest year-on-year increase of 3 percent. In the subcategories, industrial investment and service industry investment rose 13.2 percent and 2 percent, respectively.
