The Taixing Huangqiao Economic Development Zone will accelerate the transformation of its three major industrial clusters towards the deep integration of production and innovation.
The bio-fermentation and future food industry in the zone generated 268 million yuan ($39.4 million) in invoices and 180 million yuan in tax revenue in the first four months.
The Jiangsu Province Capital Increase and Production Expansion Strategic Emerging Industry Fund was launched on May 8 and is expected to provide financial support for improving industrial quality and efficiency for high-quality enterprises.
Taixing has organized 27 local enterprises to participate in the ongoing China Import and Export Fair, also known as the Canton Fair, which opened in Guangzhou, Guangdong province, on Oct 15 and runs through Nov 4.
China's economy drew strong support from new growth drivers in August, with double-digit growth in high-tech manufacturing and solid external demand underpinning fast industrial growth.
