Nantong zone prioritizes economic growth, epidemic controls
A worker at Tri Star Technology (China) Co Ltd gets busy. [Photo/Nantong Daily]
Facing the impact brought about by COVID-19 this year, the Nantong National High-tech Industrial Development Zone – located in the Tongzhou district of Nantong city in East China's Jiangsu province – coordinated pandemic controls with economic development.
In the process it provided imaginative and innovative services for resident enterprises, to boost the stable growth of its economy.
"Since March, facing the severe pandemic situation and external environment, our raw materials and export products were stuck on a wharf and our output value declined in the first half of the year," said Liu Jiayan, chairman of Tri Star Technology (China) Co Ltd.
In response, the Nantong High-tech Zone issued policies to help enterprises clear their logistic channels and ensure the exports of some products.
That approach helped Tri Star, which in the second half of the year plans to increase investment in technical innovation by 5 million yuan ($745,500), to introduce welding robots that will improve its production efficiency. As a result, its annual output value is expected to reach 1 billion yuan this year.
Overall, the Nantong High-tech Zone has successfully ensured its total production while laying equal emphasis on pandemic prevention and controls.
By the end of June, the gross output value of industrial enterprises above a designated size in the zone – those with annual sales of 20 million yuan ($2.98 million) or more – had increased by 9.5 percent year-on-year. The taxable sales of industries above a designated size grew by 14 percent and the import and export volume by 8 percent.
