Since the beginning of this year, Jingzhou has advanced fixed assets investment (FAI) and improved investment quality steadily. Jingzhou's FAI and industrial investment in the first three quarters were up 33.2 percent and up 54.2 percent year on year respectively.
Speeding up the development of the manufacturing sector led by major projects.
Midea Refrigerator Industry Park and Midea Washing Machine Industry Park that settled in Jingzhou last October and November respectively broke ground in the first quarter of this year. The project of the Jingzhou base of Midea's HVAC & Building Technologies Division was signed on October 27 to add a new member to the "Midea family" in Jingzhou, which will bring in a host of supporting industrial projects to promote the constant extension of Jingzhou's intelligent home appliance manufacturing chain and build a world-class "lighthouse factory". The project of Yijun Yaoneng Energy-saving New Materials Industry Park entered the construction stage to further promote the development of Jingzhou's new energy & new materials industry cluster. 195 projects with an investment of over 100 million yuan each and a total investment of 101.8 billion yuan commenced in Jingzhou from January to September to boost Jingzhou's investment and major project construction. 55 major projects with a total investment of 25.24 billion yuan commenced on November 5, to inject strong vitality for achieving Jingzhou's annual investment goal.
Demonstrating geographical advantage, further upgrading modern services.
Jingzhou invested over 210 billion yuan in transportation construction during the "thirteenth five-year" period, ranking top in Hubei. With the constant improvement of Jingzhou's highway-railway-water-air integrated transportation network, its geographical advantage has gradually become an attraction to investors. The construction project of Port-Rail Logistics Park, Dangerous Chemical Terminal, Type B Bonded Logistics Center and Smart Port in Songzi Cheyanghe Hub Port commenced in the first three quarters of this year, opening a new page for the integrated development of Yichang, Jingzhou, Jingmen and Enshi.
Making vigorous innovation, further optimizing the industrial structure. While developing under the drive of innovation, the local enterprise Nenter has initiated cooperative projects with Tianjin Institute of Pharmaceutical Research under the central enterprise China Merchants Group and the international giant TSM. Jingzhou's enterprises have kept increasing investment in technical renovation, with the investment in the first three quarters up 91.4 percent year on year. High-tech manufacturing investment, up 44 percent year on year, has sped up the industrial upgrading of Jingzhou progressively and consolidated its development foundation.