NETDA sets GDP growth target of over 6.5% for 2024

A bird's-eye view of NETDA. [Photo provided to en.nantong.gov.cn]

The Nantong Economic and Technological Development Zone (NETDA) in Jiangsu province has set a gross domestic product (GDP) growth target of over 6.5 percent for 2024, according to a recent meeting convened by its administrative committee.

The development area has also set goals for other major economic indicators for 2024, which include about a 6.5 percent growth in the per capita disposable income of residents, over a 6.2 percent increase in total retail sales of consumer goods, and a more than 4 percent expansion in fixed asset investment.

In 2024, NETDA also aims to secure 80 projects with an investment of over $30 million, utilize more than $500 million of foreign direct investment, and welcome 40 newly-commenced projects valued at over 100 million yuan ($13.95 million).

The development area will also enhance its cooperation with universities and institutes, encourage local enterprises to build green factories, and vigorously develop its digital economy.