Maoming racks up industrial added value worth 28.85b in H1

Maoming racked up 28.85 billion yuan ($4 billion) worth of industrial-added value in the first half of the year, up 0.5 percent year-on-year.

A slew of factories pump out lucrative products daily in Maoming. [Photo/Nanfang Plus]

Maoming completed the industrial investment of 7.82 billion yuan in the first half of the year, up 3.3 percent.

The city moved to promote its industrial development during the period, in a bid to build a strong manufacturing hub with a high quality, and to boost its steady industrial growth.

To this end, Maoming issued 33 measures for the implementation of tax cuts and financing - ensuring supply and stable prices as well as investment.

At the start of the year, Maoming drafted projected targets for major indicators such as industrial added value, industrial investment and technological transformation investment. It also held policy briefings for companies to promote their expansion.

What's more, Maoming is promoting the settlement of projects from enterprises in the Pearl River Delta.

In the first half of the year, 47 projects from Pearl River Delta enterprises held talks with various industrial parks in the city, with 26 newly signed-up projects.

Some 13 of the signed projects involve industrial transfers, five projects concern local capital increases and expansion, with the remaining eight relate to new signings from Foshan in Guangdong.

The projects cover chemical materials, equipment manufacturing and agricultural product processing, involving a planned total investment of over 10 billion yuan.