NETDA sees robust economic growth in H1

The Nantong Economic and Technological Development Area (NETDA) in East China's Jiangsu province has seen remarkable economic growth in the first half of this year. 

From January to June, the combined output value of industrial enterprises in NETDA totaled 42.8 billion yuan ($6.32 billion), while the tax revenue accounted for 85.1 percent of the general public budget revenue of 3.23 billion yuan in the same period, official statistics show.

The added value of industrial enterprises above designated size in NETDA increased by 7.3 percent, and the combined output value of enterprises above designated size was worth 87.42 billion yuan, up 15 percent year-on-year, in the first six months of 2022. 

The sales revenue of enterprises was valued at 90.36 billion yuan, and the actual utilization of foreign capital in the area reached $500 million during the same period. 

Imports and exports in the area from January to July were worth 40.7 billion yuan, a year-on-year increase of 38 percent. 

Bao Delin, director of the administrative committee of NETDA, said local authorities will continue efforts to promote the development of its four pillar industries - new-generation information technology, high-end equipment, biomedicine and new energy. 

Efforts will include attracting investment to set up more projects, building platforms for innovation and entrepreneurship, and improving business environment.