Yuelai town, located in Haimen district of Nantong, has experienced rapid industrial development this year, local media reported.

Taxable sales by industrial enterprises in the town had exceeded 9.1 billion yuan ($1.32 billion) by early December. The figure for companies above the designated scale (those with annual revenue of 20 million yuan and above) alone is 6.6 billion yuan, an increase of 40 percent year-on-year.

Nantong Guohua New Materials Co started operating this May, and its sales have reached 200 million yuan over the course of seven months, putting it among the 39 companies above designated size in Yuelai town. It plans to at least double its sales next year, according to Zhang Guowei, general manager of the company.

 "The local government played a significant role in setting up the company, including land acquisition and project approval," said Zhang.

Since the beginning of this year, Yuelai town has been making efforts to streamline administrative processes and improve services in order to help leading industrial companies upgrade and support small and micro-sized companies expand their business scale.

Regular meetings are held to help entrepreneurs solve problems and keep them informed on the latest policies, said Wang Bin, deputy director of the town. Earlier this year, the government also supplied a large amount of epidemic prevention materials, such as masks and electronic thermometers, to companies to help them resume production.