Nearly 100 New Projects Start Construction in Yueyang Industrial Parks in First Five Months

Yueyang’s industrial parks and zones completed a total investment of 21.365 billion CNY in fixed assets from January to May, an increase of 30.36% year-on-year, according to the Yueyang Municipal Commission of Development and Reform on June 20, 2018. There are 187 industrial projects under construction, 26 more than the same period of last year. Among them, 96 industrial projects are newly started, and 48 completed and put into production. The key industrial projects showed good momentum of development.

In the first five months this year, Yueyang industrial parks paid 2.971 billion CNY of actual taxes, grew by 20.9% year on year. The industrial enterprises above designated size realized a main business income of 144.264 billion CNY, a year-on-year increase of 14.99%.

The investment is promising in Yueyang. In the first five months, 132 industrial projects were newly signed in the industrial parks of the city, with a total investment of 32.3 billion CNY. The projects number was 50 more than the same period of last year, and the signed investment increased by 5.9 billion CNY.

The project construction has been accelerated. Among all the under-constructed projects, 80 are newly contracted this year and 91 continued. A total of 14.6 billion CNY investment has been completed.

The city's major industrial projects boast a general quality improvement. In 2018, 89 newly-signed industrial projects were worth over 500 million CNY each, and the strategic emerging industries such as bio-pharmaceuticals, new materials, chemicals, new energy, and advanced equipment manufacturing accounted for 60.7% of the total. A large number of projects have been put into operation and yielded considerable benefits. This will have a positive effect on the extension of the city's industrial chain.

Translator: Yu Jiangjiang
Chinese source: yueyang.gov.cn