The industrial investment and industrial output value of Lin-gang Special Area continued to increase from January to April, despite the impact of the novel coronavirus, according to an industrial investment promotion conference held in Lin-gang on May 14.

Industrial investment is expected to reach 6.92 billion yuan ($974.5 million), an increase of 68.5 percent year on year.

Although the COVID-19 epidemic posed certain challenges, Lin-gang Special Area still managed to achieve a gross industrial output and producer services revenue of 29.135 billion yuan during the first quarter of 2020, up 4.6 percent from a year earlier. The automobile industry grew by 598.3 percent year on year, while the key marine industry grew by 31.5 percent year on year.

Lin-gang Special Area has announced trail measures to increase the resource utilization efficiency of industrial land projects in the area and has divided companies into four categories. It has also adopted a variety of policies related to industrial access, land supply, technological transformation, brand building, talent introduction, energy prices, and credit policies.