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We have promoted the pilot reform of market-oriented allocation of factors with high quality, and improved the “1+13+N” policy system to promote the development and growth of the private economy; the growth rate of private investment ranks among the highest in the country, and has been rated as the “province with the best reputation” for the business environment for five consecutive years; we have promoted the establishment of an industrial mother fund with a total scale of 50 billion yuan… In the past year, driven by economic system reform, Jiangsu has fully activated the “development engine” from top to bottom, moving forward in progress and being reborn in change.
How to continue to “take the lead” in further deepening reform? In accordance with the specific arrangements of the central government for further deepening reform, Jiangsu has put forward 347 reform tasks for the key points, difficulties and new growth points of economic development. Focusing on the “three efforts” put forward at the Seventh Plenary Session of the 14th Provincial Party Committee, we strive to achieve practical results in reform and continue to consolidate and strengthen the upward trend of the economy.
Focus on improving the quality and level of reform, and make each reform a success
As a frontier of reform and opening up, Jiangsu has closely focused on the important mission of taking the lead and setting an example in promoting Chinese-style modernization, and has firmly continued to take the lead in further comprehensively deepening reform, focusing on improving the quality and level of reform.
At present, the external environment is becoming more complex and severe, and improving investment efficiency is increasingly becoming a key driving force for sustained and stable economic growth.
Let government investment fully play its leading and driving role. Last year, our province issued 236.5 billion yuan of new special bonds, and approved 247 “double-heavy” projects with 41.45 billion yuan of funds. This year, our province plans to arrange 500 major provincial implementation projects, an increase of 50 year-on-year, and 100 reserve projects, an increase of 40 year-on-year.
We should focus on both the “big ones” and the “small, fast and flexible ones”. Our province pioneered and fully launched the construction of special branch waterways for inland waterway transportation connecting ports and industrial parks, which have the characteristics of small investment, short distance, fast implementation and good benefits. Batches of “small, fast and flexible” waterways have been successfully completed.
Give full play to the role of private investment as the main force. This year, the province will continue to arrange 200 provincial private investment key industrial projects. At the same time, our province will improve the policy system for supporting private enterprise financing, strengthen the coordination of finance and finance, and comprehensively use policies such as fiscal interest subsidies to encourage banks to “dare to lend” and guide and drive private capital to “dare to invest.”
Give full play to the important role of foreign investment in building a new development pattern. In Nanjing, Nanyang Commercial Bank has set up a branch; in Taicang, more than 1,600 foreign-invested enterprises have settled, including more than 500 German-funded enterprises. Jiangsu has made every effort to attract foreign investment, implement reform measures such as “zeroing out” restrictions on foreign investment access in the manufacturing sector and expanding the opening up of the service industry, guide enterprises with more retained profits to increase capital and expand production, and more foreign investment to Jiangsu. From January to October last year, the province actually used US$16.99 billion in foreign investment, continuing to rank first in the country.
Optimizing the business environment is an inevitable choice for comprehensively deepening reform and achieving high-quality development. The province deepens reforms in key areas of the business environment, and the Provincial Market Supervision Bureau issued “Several Measures on Consolidating and Enhancing the Positive Trend of Economic Recovery”.
Employment, education, medical care… Focusing on the most direct and realistic issues that the people are most concerned about, Jiangsu continues to promote reforms in key areas. In December last year, the “Implementation Plan for the Five-Year Action Plan for Deeply Implementing the People-oriented New Urbanization Strategy in Jiangsu Province” was issued. In the next five years, Jiangsu will fully relax restrictions on settlement; carry out the transformation of primary medical institutions, provide long-term care insurance service pilots, and 108 primary medical institutions will be included in the long-term care insurance designated agreement management. “Jiangsu Medical Benefit Insurance No. 1” has cumulatively insured more than 13.48 million people in three years, with a total compensation amount of nearly 2.2 billion yuan… One reform plan after another involves all aspects of clothing, food, housing, transportation, etc., and a capital “people” runs through it all.
Focus on strengthening the intensity and effectiveness of reform and achieving institutional results
To further comprehensively deepen reform, we need to take the lead in breaking through those reform items that the central government requires Jiangsu to pilot first, which are most urgent for Jiangsu’s development and have leading significance, and accelerate the formation of more institutional results.
The national unified market is a key reform task of overall significance. On January 7, the “Guidelines for the Construction of a National Unified Market (Trial)” was released to the public, and the construction of a national unified market is accelerating.
In recent years, Jiangsu has insisted on breaking down and building up at the same time, and has continued to make efforts to serve the construction of a unified national market. It has established a joint meeting mechanism for Jiangsu departments serving the construction of a unified national market, issued a series of policy documents, continuously issued annual task lists, and revised local regulations such as the bidding regulations. The market scale effect has gradually emerged, the basic market system has been continuously improved, and the reform of market-oriented allocation of factors has been deepened.
Good at “establishing”, Jiangsu focuses on improving systems and rules.
Last September, Jiangsu, Shanghai, Zhejiang and Anhui jointly issued the “Key Work Measures for Promoting the Construction of Market Integration in the Yangtze River Delta Region (2024-2025)” to strengthen coordinated cooperation in scientific and technological innovation, commercial circulation, government services, supervision and law enforcement; in October, the “Opinions on Accelerating the Release of Data Elements Value and Cultivating and Expanding the Data Industry” was issued, which clearly proposed that by 2027, the data element market system will be basically established and the full-chain layout of the data industry will be completed.
The relevant person in charge of the Provincial Development and Reform Commission said that Jiangsu strictly implements the unified national market basic system rules, such as the implementation of the “one list for the whole country” in terms of market access. At the same time, it strengthens the connection with national system rules, adheres to the principle of “characteristic and operable”, continuously improves the system design that serves the construction of a unified national market, focuses on key links, and improves the system and mechanism for the market-oriented allocation of factors.
Dare to “break”, Jiangsu focuses on breaking down obstacles and barriers.
The Xuwei Nuclear Energy Heating and Power Generation Project located in the Xuwei New District of Lianyungang is the first nuclear power plant in China that mainly provides industrial heating and also takes electricity supply into consideration. It is also the first nuclear power project in Jiangsu with private capital participation, and the proportion of private capital investment will reach 10%.
Our province has accelerated the formulation of guidance guidelines to encourage private investment in seven key areas, including transportation, clean energy, agriculture and rural areas, municipal administration, environmental protection, medical care, and elderly care. For example, we have compiled a “one-stop” guide for private enterprises to invest in and build ports, and promoted private enterprises to participate equally in investment and development in competitive infrastructure areas such as nuclear power, wind power, and energy storage.
With one innovative exploration after another, one breakthrough progress after another, and one landmark achievement after another, Jiangsu has shown the courage to take tough measures and the determination to cut off the arm of a hero. It has continuously improved the long-term investigation mechanism, vigorously carried out the work of clearing market access barriers, broke down the “glass door”, “spring door” and “revolving door” of market access, insisted on investigating clues and carrying out rectification, resolutely corrected improper market intervention behaviors such as local protectionism and market segmentation, strengthened the rigid constraints of fair competition review, and resolutely broke down various closed “small markets” and self-“small cycles”.
Focus on strengthening reform exploration and innovation to open up new prospects for development
Closely combining the major tasks of “four advancements” and “four new” assigned to Jiangsu by General Secretary Xi Jinping, Jiangsu has focused on strengthening reform exploration and innovation, taking measures according to local conditions, taking the initiative, and constantly creating new development situations through reform breakthroughs.
In the live broadcast room of the Xinke Cross-border E-commerce Industrial Park in Nanjing, China (Jiangsu) Pilot Free Trade Zone, the anchor faced the camera, showing the latest wearable armor on his hand, and introducing the fashion ingenuity of the product in English. Behind the popularity and overseas expansion of the small wearable armor, there are many reform wisdom and achievements: the first national “overseas warehouse departure financing” service model, the trade financing of overseas warehouse export enterprises can be credited within 3 working days; the implementation of a new model of full-chain digital supervision of bonded warehouse entry and exit, the entry and exit approval time is shortened from 3 working days to half an hour…
Taking the lead in trying out new things and serving the overall situation, the Jiangsu Pilot Free Trade Zone is not only the development frontier of Jiangsu, but also the national reform test field. In more than five years of “cultivation”, it has “grown” more than 400 institutional innovation results, 25 of which have been replicated and promoted nationwide.
Aiming at new areas and new tracks, Jiangsu has accelerated the pace of system supply and enhanced the intensity of system innovation. Last year, the General Office of the Provincial Government issued the Implementation Opinions on Accelerating the High-quality Development of the Low-altitude Economy, proposing to give full play to the advantages of aviation manufacturing industries in Nanjing, Suzhou, Wuxi, Changzhou and other places, and create a low-altitude manufacturing key industrial chain that runs through the upstream and downstream and has global competitiveness. According to the plan, during the “15th Five-Year Plan” period, Jiangsu is expected to build an intelligent, interconnected, functional, safe and efficient low-altitude intelligent network, forming a complete low-altitude manufacturing industrial chain covering the upstream, midstream and downstream, while expanding application scenarios such as low-altitude logistics, industry applications, and low-altitude cultural tourism, and carry out urban air traffic scene applications such as eVTOL and helicopters, gradually releasing the development potential of the low-altitude industry.
In promoting the two-way mutual promotion of institutional opening-up and in-depth reform, Jiangsu’s practice combines top-level design with practical exploration. Goods from the Kazakhstan petrochemical integration project are stored, sold, and distributed in the Nanjing Comprehensive Bonded Zone. Under the favorable policy of “China-Europe Express + Bonded”, this batch of goods can be exported directly in the original container when leaving the country again, eliminating the process of unpacking and packing, greatly reducing costs, and improving delivery efficiency by 80%. In order to facilitate domestic consumption for short-term visitors to China, Suzhou pioneered the mobile payment tool “Su-Pay”. There is no need to download the APP, you can directly scan the code to apply for the opening of the business, and you can directly use the dynamic UnionPay QR code to scan the code for consumption at the merchant, realizing all-round innovation and upgrading in multiple fields. “‘Institutional opening’ is the core content of my country’s high-level opening. It is both a complex systematic project and a deep-level reform.” A relevant person in charge of the Provincial Department of Commerce said that Jiangsu will actively connect with international high-standard economic and trade rules, formulate and implement a new round of institutional opening-up task list, pilot higher-level free and convenient goods trade rules and market access rules, and achieve interoperability of rules, regulations, management, and standards in property rights protection, industrial subsidies, environmental standards, labor protection, government procurement, e-commerce, and finance, so as to create a transpa
