Binjiang town in Taixing city, in East China's Jiangsu province – where the Taixing Economic Development Zone is situated – achieved great marks on the economic growth front in the first half of the year.
In the six months, the town's industrial invoiced sales amounted to 61.65 billion yuan ($8.48 billion), a hefty increase of 23.2 percent. Its industrial and commercial taxes paid totaled 2.2 billion yuan, up 3 percent year-on-year.
During the period, the town saw $108 million of foreign investment in actual use and imports and exports valued at $16.6 billion.
For the five months January to May, the town broke ground at seven new projects and completed the construction of 10 projects, with three projects in the first category and six in the latter category involving investment of at least 500 million yuan each.
In addition, the town signed up 13 projects worth over 500 million yuan each in the first five months, including a research and production center for bio-based materials that will cost 2.5 billion yuan.
The town also revitalized some inefficient parcels of land, providing 195 mu (13 hectares) of idle land for new projects to there.
Scoring well in growth: A bird's-eye view of Binjiang town. [Photo/Taixing Economic Development Zone via WeChat txjjkfq]