NETDA charts success in pioneering high-quality growth

In the first three quarters of this year, the Nantong Economic and Technological Development Area reported a robust general public budget revenue of 5.19 billion yuan ($732.70 million) and secured the top spot in the city, with foreign investment in actual use reaching $487 million. 

The area's feat in high-quality development reflects its robust economic performance and strategic initiatives. The area also excels in business attraction across various sectors.

The area's industrial landscape shines with the successful commencement of major projects in the new energy sector, exemplified by Tongwei Co Ltd and Jiangsu Linyang Solar Energy. Focusing on new-generation information technology, high-end equipment manufacturing, pharmaceuticals, and new energy, NETDA aims to become a leading advanced manufacturing base in the Yangtze River Delta region.

NETDA holds a green energy investment salon in Shanghai. [Photo/ntfabu.com]

The area also put forward a "space reconstruction" initiative, which aims to make more efficient use of land and create new spaces in the area for high-level development. This includes a hydrogen energy industrial park and cooperative zones with Japan, Europe, and the United States.

The business environment is thriving as well, with new measures, including the appointment of business environment experience officers, constantly being rolled out.

In terms of ecological development, the zone's chemical park secured a position among the top 30 nationally. Through the space reconstruction initiative, it removed all chemical enterprises' presence within one kilometer along the Yangtze River in NETDA.

Attracting more and more talent, the area is also making efforts in bettering the living environment for them. It plans to build a riverside bay and vibrant youth communities in the near future, reinforcing its commitment to high-quality development.