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Government-enterprise cooperation boosts economic development in Hai'an

en.nantong.gov.cn

Updated: 2020-07-13

To help enterprises cope with the COVID-19 pandemic, Hai'an, a county-level city of Nantong, rolled out a series of supportive policies and established a system of cadres stationed to contact back-to-work enterprises.

A total of 865 government officials were linked together with 1,154 enterprises to protect market share and seek better development. The municipal financial department set up a 100-million-yuan ($14.3 million) special fund to relieve the emergency of enterprises. The financial institutions have cumulatively offered loans of 23.48 billion yuan for anti-epidemic purposes.

In the first half of 2020, the major economic indicators of gross regional production, industrial taxable sales, service taxable sales and fixed-asset investment developed coordinately and maintained a steady growth momentum. From January to May, Hai'an achieved industrial taxable sales of 91.27 billion yuan, an increase of 11.63 percent year-on-year, and had 45 new industrial enterprises above designated size with a revenue of more than 20 million yuan per annum. Both of the indicators ranked first in Nantong.

In order to accomplish the goals and tasks for the whole year, Hai'an strives to boost its economic development and attract investment. By the end of May, the city had carried out more than 90 investment promotion activities. Sixty-three projects worth over 100 million yuan were newly signed.

In the first five months of this year, construction of 13 projects listed as Jiangsu provincial and Nantong municipal major projects got underway with investment of 5.27 billion yuan, accounting for 68.44 percent of the annual target.