Jiaxing sets 5-year plan for manufacturing development
Jiaxing in East China's Zhejiang province recently set goals for its development in the manufacturing sector over the next five years.
The industrial output value of the city's above-designated-size enterprises is expected to exceed 2.5 trillion yuan ($368 million) by 2027, while the added value of the manufacturing industry is scheduled to exceed 500 billion yuan.
More than 100 billion yuan will be invested in the manufacturing industry every year.
The city is already working to attract more projects and promote investment growth.
According to an agreement between Jinko Solar Co Ltd and Haining signed on Jan 3, two industrial projects of Jinko Solar, namely an energy storage integrated system and industrial supporting project, and 11 gigawatt high efficiency battery and 15 GW high efficiency component projects, have been carried out in the city, receiving a total of 18.68 billion yuan in investment.
After completion, the two projects are expected to achieve annual output values of 30 billion yuan and 25 billion yuan, respectively.
In addition, to accelerate the digital transformation of the manufacturing industry, the city aims to invest more than 40 billion yuan in advanced technology upgrading, introduce more than 2,100 industrial robots to raise production efficiency by more than 12 percent, and reduce the use of standard coal by 300,000 metric tons.