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Jingjiang to heighten its economic and urban competitiveness

By Hu Meidong and Wei Tian (China Daily Fujian Bureau)
Updated: 2010-11-24 09:50

FUJIAN - Jinjiang is set to accelerate its economic transformation and speed up the process of building an economically powerful city.

An environment friendly urbanization is underway

The construction of two systems is underway, including building a comprehensive road network and renovation of the environment. With a total investment of some 100 billion yuan, there will be 40 million sq m involved, requiring demolition of 7 million sq m, which is expected to set off a new round of urban renovation boom. Some major projects such as Oasis Park, artificial lake, and a complex shopping mall will draw a total investment of 150 billion yuan.

In addition, Jinjiang is also making efforts to promote its ecological environment. 4 million mu of forestation was planned to be planted in 5 years time.

Meanwhile, in depth investigation including heavily polluting industries and management measures on canals and coastal waters will be carried out to ensure a clear water and sky.

Foreign Investment continues to grow

As in October of this year, Taiwan-invested enterprises approved in Jinjiang are 232, with a total investment of 440 million US dollars. Major industries of taiwanese investment include textile, footwear, building materials, umbrellas, packing, farming, food, toys, travel, electronic, logistics and so on.

The amount of corporate purchasing and trading in Jinjiang does not only rank high among towns and counties in Quanzhou but across Fujian Province as well. The advantage had secured material supply for local footwear and chemical enterprises.

Steady and rapid development momentum

Jinjiang is expected to achieve 58.8 billion yuan GDP in the first three quarters, 13.2% up than the same period last year. Financial revenue reached 700.8 million yuan, with 22.73% increase.

The county had attracted a total of 97 industrial projects through investment platforms such as cross-straits technological fair (6.18) and International Investment conference (9.8), with a total investment of 55.27 billion yuan, among which 8 are more than a billion yuan.

There were 6 new companies listed in the first three quarters, pushing the totally number in Jinjiang to 26 listed companies. In addition, Jinjiang saw strong growth service industry investment. The amount reached 11.07 billion yuan, with 56.8% year on year growth.