NETDA committed to advanced manufacturing industry

The Nantong Economic & Technological Development Area, or NETDA – located in Nantong city in East China's Jiangsu province – is accelerating its implementation of major projects, with a focus on the high-tech manufacturing industry, new infrastructure and new urbanization initiatives.

It is expected that this will help stabilize investments and create jobs in the development zone, according to local media reports on July 12.

Statistics showed that last year, the industrial structure of the NETDA was adjusted three times and the proportion of service industry continued to increase.

Its industrial structure has reportedly been continuously improved, with the share of new chemical materials falling by about 20 percent, the share of new-generation information technology and intelligent manufacturing equipment industries topping 30 percent and the share of high-tech industries increasing to 40.5 percent.

In 2020, the output value of the high-tech industry in the region reached 55.76 billion yuan ($8.62 billion), an increase of 9.4 percent year-on-year. The number of invention patents per 10,000 people was 73.8, ranking it first in the Nantong.

In addition, 242 research and development institutions at or above the municipal level were established last year and 209 high-tech enterprises settled in the NETDA.