In the first quarter, Taizhou Port Economic Development Zone is focusing on key industries, adopting innovative investment strategies, and optimizing its business environment, looking to achieve a strong start to the year.
An aerial view of Taizhou Port EDZ. [Photo/WeChat account: gh_1ff53eb21f0a]
The zone aims to exceed 8 percent growth in gross regional product and realize an industrial output value of 8.6 billion yuan ($1.19 billion), which would be an 8.6 percent year-on-year increase, while boosting industrial added value by over 8 percent.
To achieve this, the zone has established three specialized investment teams targeting the automotive, food and beverage, and high-end medical equipment sectors.
The zone's favorable business environment and efficient services are strengthening business confidence. Jiangsu Kerui Plastic Industry Co, a technology-driven company specializing in plastic packaging, has been operating at full capacity due to strong demand. This year, the company is investing an additional 100 million yuan in new equipment to expand production and meet market demand. Its Q1 revenue is projected to reach 90 million yuan, a 50 percent year-on-year increase.