NETDA leads in high-quality growth and business environment optimization
The Nantong Economic and Technological Development Area has demonstrated robust high-quality development, boasting 46 key projects signed from January to October in 2023.
The projects have brought a total investment of 38.58 billion yuan ($5.4 billion), $1.03 billion of which are foreign-funded. Leading in key indicators, the area secured top positions in the city's economic metrics.
In the third quarter, the area was even awarded a trophy by the city for its outstanding performance in investment attraction, solidifying its leading position in industrial project construction citywide.
Crucial to this success is the continuous optimization of the business environment, aligning with a pattern of welcoming, ensuring, and enriching businesses. This year, aiming for a comprehensive upgrade for the business environment, the area implemented 35 new measures, having achieved national recognition and ranked 17th nationwide in business environment index evaluations.
Pioneering policies that streamline business loaning, the area has allocated over 100 million yuan to over 700 enterprises. The measure was recognized as one of the top 10 examples of business environment optimization in Nantong in 2022, for it simplifies approval processes while lightening the burden on enterprises.
To enhance global appeal, the area also introduced specified measures for foreign-funded high-tech enterprises such as more advantageous trading policies under Regional Comprehensive Economic Partnership. All measures combined resulted in sustained foreign investment in actual use at around $700 million between 2020 and 2022.
With the area's commitment to a top-tier development status, it has laid out plans for project management, modern industrial parks, streamlined business services, and new ecosystems, ensuring it remains a driving force for high-quality development in the region.
