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Jingzhou keeps improving in investment promotion from January to October
Updated: 2020-11-11 17:04:15

According to the Jingzhou Investment Promotion & Industrial Economy Supervision Conference on November 10, Jingzhou kept improving in investment promotion and its industrial economy recovered steadily from January to October, showing the strong resilience and vitality of its economy.

From January to October, Jingzhou's investment promotion first went down and then up month by month. Jingzhou introduced 343 projects with a total investment of 200.779 billion yuan, fulfilling 76.2 percent of its annual target, including 284 industrial projects with a total investment of 128.66 billion yuan, fulfilling 81.1 percent of its annual target.

From January to October, Jingzhou gradually stabilized industry in the "industrial development competition" campaign, accelerated the recovery of industrial production, increased industrial investment steadily and achieved significant results in easing enterprises' burden.

From January to October, 95 above-scale industrial enterprises were established in Jingzhou, the growth of industrial output value rebounded from -54.5 percent in the first quarter to 5.7 percent in the third quarter, and the industrial output value is expected to be 156.3 billion yuan. After the first quarter saw a plunge in the growth of the above-scale industrial added value, the decline was narrowed month by month in the second and third quarters, and the growth was 13.5 percent in September, hitting a new high in 2020. October is expected to see growth of over 10 percent.

From January to October, Jingzhou completed a total investment of 2.45 billion yuan in 27 key projects, up 10 percent from that completed from January to September, including a total investment of 1.556 billion yuan in 15 technical renovation projects, up 7.3 percent from that completed from January to September.

According to incomplete statistics, Jingzhou reduced enterprises' burden by 2.661 billion yuan in the first three quarters, including taxes of 1.156 billion yuan (26,400 taxpayers), corporate electricity costs of 258 million yuan, water and electricity charges of 10.458 million yuan, land costs of 25.02 million yuan, rental expenses of 78.69 million yuan and social insurance charges of 1.15 billion yuan.


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