In the period January to November, Taixing city, located in East China's Jiangsu province, added 56 manufactures above a designated size, a special statistical appellation for those businesses with annual revenue of 20 million yuan ($2.91 million) or more.
The city is expected to add a total of 85 manufactures above a designated size for the full year.
The number of manufactures above a designated size to some extent reflects the level of regional economic development. Taixing has continued to increase its support and assistance to small and micro enterprises, helping them accelerate their transformation and expansion.
Manufacturer Chuangda (Taixing) Electronics is one of those, focusing on the production, research and development and sales of solar power junction boxes, connectors and electronic plastic products.
At present, the company has abundant orders in the pipeline.
Elsewhere, Taixing has also sorted out SMEs with development potential and operating income of over 15 million yuan, helping them become manufactures above a designated size as soon as possible.
Taixing city adds 56 industrial enterprises above a designated size in the first 11 months of the year. [Photo/WeChat account: txfabu]