A view of Yaowang sub-district in Taixing city. [Photo/WeChat account: txfabu]
Yaowang sub-district of Taixing city, East China's Jiangsu province, strives to boost the real economy and it is ramping up a raft of construction projects to meet annual goals.
At manufacturer Taixing Yike Electronic Technology, the fully automatic production line for common mode inductor components has been operating at full load.
Seizing the opportunity of market recovery, the company launched a new production line this year, resulting in the tripling of the output capacity.
Elsewhere, Yulongshen Textile Machinery Manufacturing has been accelerating the construction of textile machinery accessories that are being exported to Pakistan.
With the new round of technological revolution and industrial transformation, high-tech textiles have become an important endeavor for strategic emerging industries.
This year, Yulongshen Textile's sales are projected to top 40 million yuan ($5.52 million), an increase of 15 million yuan compared to last year.
In the first three quarters of the year, Yaowang sub-district saw the signing of 11 new projects worth over 10 million yuan each, including five projects worth over 50 million yuan and three projects worth over 100 million yuan.
Output moves along briskly at the factory run by Taixing Yike Electronic Technology. [Photo/WeChat account: txfabu]