Lianyungang adds 1,000 projects worth over 100 million yuan each in 2023

Lianyungang is anticipated to achieve a GDP growth of 11% in 2023, the highest in Jiangsu Province, according to the 4^th session of the 15^th Lianyungang City People’s Congress that opened on January 16.

The city’s industrial taxable sales, general public budget revenue, and electricity consumption in the industrial sector also rose by 26.8%, 20.3% and 36.6% year-on-year, respectively, all ranking first in the coastal province.

In addition, Lianyungang registered a total fixed-asset investment of 218.9 billion yuan and an investment of more than 140 billion yuan for key industrial projects. It signed over 1,000 projects, each worth 100 million yuan or more, last year.

The city focused on development of its 10 key industrial chains and accelerated the construction of a modern industrial system, particularly in new materials, new energy and high-end equipment manufacturing industries. Furthermore, petrochemicals, pharmaceuticals and marine industries have become significant drivers of economic growth. Overall, Lianyungang achieved a faster and more comprehensive economic recovery in 2023.

Regarding innovation as the lifeline of industrial development, Lianyungang has been committed to promoting science and technology innovation, laying a solid foundation for future growth. In 2023, Lianyungang added 113 high-tech enterprises and 20 “gazelle enterprises”, a term referring to high-growth companies. The city’s R&D expenditure has ranked first in northern Jiangsu for four consecutive years. The R&D investment intensity among industrial enterprises above the designated size took the first place in Jiangsu. Additionally, the city’s Donghai was recognized as an innovation-driven county at the national level.