-Xinhua Silk Road: East China's Jiangyin sees 217 projects signed at 4th Jiangyin Development Summit

BEIJING, Oct. 31, 2023/PRNewswire/ -- At the Fourth Jiangyin Development Summit and the 2023 Jiangyin Symposium on Economic and Trade Cooperation held on October 28 in Jiangyin City, Jiangsu Province, east China's China, 217 projects were signed involving a total investment of more than 100 billion yuan.

The projects, covering new energy, integrated circuits, biomedicine, new materials, digital economy and other fields, are expected to gather even more momentum to promote Jiangyin's new industrialization.

Focusing on green, intelligent and high-level industrial transformation, Jiangyin continues to accelerate new industrialization.

Since the beginning of this year, projects with a total investment of more than 10 billion yuan, such as JCET Jiangyin's microelectronics wafer-level microsystem integration project and SJ Semiconductor Corp.'s 3DIC packaging project, have been selected in the list of important projects of Jiangsu Province. The biomedical projects carried out by Jiangyin USUN Pharmaceutical Co., Ltd. and Jiangsu ProteLight Pharmaceutical

Jiangyin aims to make progress in attracting investment in four strategic emerging industries, including new energy, integrated circuits, high-end equipment and biomedicine, said Tan Haiping, head of the Jiangyin Industry and Information Technology Bureau.

At present, Jiangyin has three hundred billion industries including high-end textiles and clothing, new petrochemical materials, and new metal materials. The high-end equipment industry is expected to become the fourth hundred billion-level industrial cluster in Jiangyin this year.

Known as "the first county in terms of manufacturing industrial strength in China", Jiangyin's business environment is very attractive for high-quality emerging industrial projects at home and abroad. BEKAERT, one of the first Belgian foreign companies in China, has been established in Jiangyin for more than 30 years, with a total investment of more than one billion euros here, creating its only fully functional headquarters in China.

In 2022, Jiangyin saw its gross domestic product (GDP) reach 475.418 billion yuan, ranking second among county-level cities in China.

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