Jilin province accelerates investment projects with increase in funds

In the first quarter of this year, Northeast China's Jilin province saw 462 projects with funds landing, marking a 41.9-percent year-on-year increase. From 2020 to 2023, the province signed contracts for 976 major projects, with 444 projects already started, achieving a fulfillment rate of 45.49 percent. Notably, 53 new projects commenced in the first quarter alone.

The provincial department of commerce has been actively implementing the government's "leading breakthrough action plan" for 2024. They have been working extensively on project planning, contract signing, and timely project commencement to speed up the completion of investment projects.

Efforts have focused on supporting the transformation of traditional industries, nurturing emerging sectors, and strategically planning for future industries. Jilin province has created a comprehensive investment map that outlines ten key investment directions that accurately target industry trends.

Emphasis has been placed on strengthening existing advantages, addressing weaknesses, and filling gaps. This includes identifying and promoting 883 key areas, 449 critical investment sectors, and 404 target companies. Collaborative efforts with 34 leading enterprises, 14 industry management departments, and 17 research institutions have been instrumental in attracting and supporting these projects.

Through proactive measures and strategic planning, Jilin province is poised to enhance its investment landscape and foster sustainable economic growth.