The Pingchao Science and Technology Innovation Zone in Tongzhou district, Nantong, experienced a stable economic recovery last year with its estimated total regional GDP of 22.7 billion yuan ($3.16 billion) marking a 7 percent year-on-year growth.

A significant driving force behind the zone's economic growth is the active involvement of various industrial projects.

Last year, Pingchao town, where the zone is based, secured agreements for eight projects, with several of them operating within the zone.

One particularly outstanding project representing the new energy industry is a new-generation high-performance electrode foil production facility. With a total investment of 3.2 billion yuan from Nantong Haixing Electronics Co Ltd, the facility is anticipated to incorporate 50 new intelligent production lines and boast an annual capacity of 42 million square meters.

In addition, a water purification and pollution control equipment manufacturing project, with a total investment of 500 million yuan, is primarily involved in the research, development, manufacturing, and system integration of environmental protection equipment focused on water purification and pollution control. The annual taxable sales for the project are anticipated to reach around 500 million yuan.

These flourishing projects have not only propelled economic growth but also stimulated industrial development in the region. In 2023, the taxable sales of industries above the designated scale in the zone reached 10.6 billion yuan, while the output value totaled 12 billion yuan.

A project is under construction in the Pingchao Science and Technology Innovation Zone. [Photo/Nantong Daily]