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Major projects have become strong engines, domestic demand potential has been effectively stimulated, the business environment has been continuously optimized, and leading cadres have taken the lead in promoting economic development… Over the past year, the whole province has sought progress while maintaining stability, and has worked hard to effectively respond to downward economic pressure, intensify efforts to resolve structural contradictions, and actively respond to new problems and challenges. We have strengthened our confidence, worked hard, and bravely taken on major responsibilities. The foundation of economic growth has been continuously consolidated, the structure has been continuously optimized, and the quality and efficiency have been continuously improved. This has made contributions to serving the overall situation of the country and accumulated momentum for future development.
Grasp projects to promote investment, and the business environment continues to improve
Looking back at the past year, Jiangsu’s economy has walked out of a resilient upward development curve, and positive factors continue to accumulate. From January to October 2024, the operating income of the province’s service industry above designated size increased by 7.8% year-on-year. From January to November, the added value of the province’s industrial enterprises above designated size increased by 7.6% year-on-year.
Behind the impressive data is Jiangsu’s confidence and determination to forge ahead and accelerate.
——Promote stable economic development through the progress of major projects.
On October 21 last year, the Taicang Port Integrated Hub (Intermodal Transport) Logistics Park project was officially launched, and the original start time of the project was 2025; on December 11, Wang Minghao, deputy secretary of the Rugao Municipal Party Committee and mayor, and the head of Scania Manufacturing (China) Co., Ltd. met face to face. Ino, vice president of Scania Asia Industrial Operations, said that we and Rugao have a common goal, which is to build and put the project into production as soon as possible.
How did the project achieve “acceleration”? After reviewing several major events regarding the province’s major projects since last year, the reporter got a glimpse of the strong atmosphere of planning ahead and working hard on projects throughout the province.
On January 2 last year, the province’s major project construction kick-off meeting was held in Suzhou; in September, “Several Measures to Promote the Accelerated Start-up and Implementation of Major Projects in the Province through the Whole Chain” was officially issued.
Last year, all 450 major provincial projects were started before the end of September, completing the annual investment target one month ahead of schedule. The annual investment exceeded 730 billion yuan, 13 percentage points higher than the plan.
——Use the advantages of the business environment to promote economic development.
From January to November last year, 1.374 million new business entities were registered in the province, and private investment in the province increased by 2.4% year-on-year.
If you want to catch fish, you must first open up the water; if you want to catch birds, you must first plant trees. The “accelerated development” of each enterprise is inseparable from the support of continuously optimizing the business environment.
The improvement of the environment is inseparable from a series of “hard-core” measures taken by Jiangsu.
In January 2024, the “Several Measures on Promoting the Development and Growth of the Private Economy” was issued. In September, the “Several Policy Measures on Consolidating and Enhancing the Economic Recovery and Further Promoting High-Quality Development” was issued. In October, the Provincial Market Supervision Bureau issued the “Several Measures on Consolidating and Enhancing the Economic Recovery and Further Promoting High-Quality Development”, and stepped up its efforts to launch 23 articles and 64 incremental policy measures.
A series of good policies combined with good services can reduce the burden on enterprises and gain benefits.
To expand the scope and increase investment, Jiangsu’s nuclear power project “door” was opened to private capital for the first time. Qi Yusong, deputy director of the Provincial Development and Reform Commission and director of the Provincial Energy Bureau, said that in the future, when allocating major resource projects such as offshore wind power, private capital participation will be fully supported.
Strengthening guarantees to promote development. Our province is the first in the country to set up a provincial private investment key industry project database, and set up a Jiangsu strategic emerging industry mother fund with a total scale of 50 billion yuan. The first batch of 14 prefecture-level city industry special mother funds and future industry angel funds have all been established and implemented.
Expanding domestic demand and promoting consumption, foreign trade and foreign investment hit new highs
From January to November 2024, the province’s total retail sales of consumer goods reached 4,352.88 billion yuan, a year-on-year increase of 4.5%. To maintain the positive momentum, Jiangsu actively implemented the deployment requirements of the Central Economic Work Conference, regarded expanding domestic demand as a “strategic move”, and boosting consumption as a “top priority”, and in 2025, it will closely combine promoting consumption with benefiting people’s livelihood.
On the one hand, Jiangsu has made great efforts to enhance consumption capacity and increase consumption willingness. Not long ago, Jiangsu issued another good policy for “trading old for new”. The 2025 Suxin Consumption·Home Appliances Trade-in Special Event was officially launched, with an increase in categories. 44 categories of home appliances can enjoy a maximum of 20% government subsidies. “Last year, in the fields of automobiles, housing, supermarkets, cultural tourism, accommodation and catering, a total of more than 90 million yuan in coupons were issued throughout the year. The continuous superposition of multiple fields has greatly activated the consumption atmosphere.” Zhou Dengchang, director of the Operation and Consumption Promotion Department of the Yangzhou Municipal Bureau of Commerce, said that in the new year, the subsidy policy for trading old for new will continue to be implemented, and merchants, manufacturers, and platforms will be guided to carry out superimposed profit-sharing activities.
On the other hand, Jiangsu is actively adapting to changes in consumption structure and enhancing the adaptability of supply and demand. Recently, Jiangsu issued its first systematic policy document on the prosperity of night economy, “Several Measures for the Prosperity of Night Economy in Jiangsu Province to Stimulate Consumption Vitality”, which proposed 15 specific measures from four aspects and included night consumption in various fields into the “Suxin Consumption” brand activity content. “Nanjing will make every effort to create the ‘Night Jinling’ consumption brand. Combined with the 39th Qinhuai Lantern Festival, Confucius Temple Qinhuai Night Tour and other themed night tour projects, we will actively create night economic agglomeration areas such as Xicheng Night Never Ends and Mendong Historical and Cultural District.” Ha Mingrong, deputy director of the Nanjing Municipal Bureau of Commerce, introduced that during the Spring Festival, core business districts, characteristic pedestrian streets and other places will standardize off-store promotions and outdoor business activities, extend business hours, carry out “non-closing” and “night shopping festival” and other consumption promotion activities, and key shopping malls will carry out 24-hour night shopping mode.
Foreign trade and foreign investment reflect the interaction between Jiangsu and foreign economic entities, and are also an important support for Jiangsu’s economic development. In 2024, Jiangsu’s foreign trade imports and exports will grow by about 6.2%, reaching a new high, and the actual use of foreign capital will remain the largest in the country.
“Jiangsu’s foreign trade will actively maintain the upward trend of the curve by adapting to changes, optimizing structures and diversifying markets. Through customs AEO certification, optimizing processes for seamless customs clearance, and increasing volume and efficiency through ‘cross-border e-commerce + international logistics’, we will reduce corporate export costs and protect Jiangsu manufacturing going global.” A relevant person in charge of Nanjing Customs said that they will continue to strengthen services such as “Customs Director Delivering Policies to Your Door” to guide companies to flexibly use rules of origin to optimize production configuration and stabilize and strengthen chains; at the same time, promote the high-quality release of dividends from RCEP rules of origin and tariff reduction policies.
Following the payment of $10 million in profit at the beginning of last year, Alfa Laval (Jiangyin) Equipment Manufacturing Co., Ltd. will increase its capital by another $10 million this year, and the registered capital will reach $73.5 million. In the first three quarters of last year, the total amount of foreign investment in Jiangyin once again accounted for more than 1/10 of the province’s total. “Foreign investment has increased its investment in Jiangyin because it is attracted by Jiangyin’s high-quality development ecology and broad development prospects.” The head of the Jiangyin Municipal Bureau of Commerce said that in the new year, the company will actively implement the “Building the Most Satisfactory City for Foreign Investment” package of incremental actions, further give play to the advantages of the open field, and actively promote high-quality foreign investment projects to participate in the integrated circuit, new energy, high-end equipment, biomedicine and other strategic emerging industries to strengthen, supplement and extend the chain, and open up to the world at a higher level.
Emphasis on performance and responsibility,
Dare to act and take on important tasks
The word “work” is the most important thing, and leading cadres at all levels must take the lead. Since last year, the Party committees at all levels in our province have further implemented the series of policies and measures of the Provincial Party Committee to encourage responsibility, fully trust and care for cadres, and create a strong atmosphere of emphasizing practical work, performance and responsibility, so that cadres who want to work and can work can work and get things done.
Located on Zuchong Road, Kunshan Global Digital Innovation Port is the core engine of the digital economy in Kunshan Hi-tech Zone. Among them, HPE Kunshan International Digital Innovation Valley is an important part. Talking about the reasons for the rapid implementation of the project, the person in charge of the project team was deeply touched. “At the beginning, we contacted Kunshan Hi-tech Zone with a try-and-see attitude. Unexpectedly, in just half a year, they came to negotiate 6 times. With a professional and frank attitude, they won the unanimous trust of the team. Everyone is full of confidence in the development after landing in Kunshan.”
The more complex and severe the challenges are, the more we need to encourage enterprises to act boldly with the courage of cadres. Since last year, Kunshan High-tech Zone has implemented a “nanny-style” linkage service mechanism, arranging 92 deputy section-level and above leaders and 48 district people’s congress representatives in the district to participate in the linkage service to ensure clear division of labor and responsibility, involving a total of 806 enterprises and 218 fixed asset investment projects, which not only stimulates the endogenous motivation of cadres, but also promotes the development of enterprises, achieving mutual benefit and win-win results. “We will continue to improve the cadre encouragement and incentive mechanism, constantly mobilize the enthusiasm and creativity of the cadre team, and attract and gather more enterprises to take root and grow with a better business environment.” A relevant person in charge of the Party and Mass Work Department of Kunshan High-tech Zone said.
On January 12, the temperature dropped sharply. Walking into the wheat fields of Yubei Community in Suqian Ecological Chemical Technology Industrial Park, the laying of organic biogas pipelines was in full swing. “In the past, the abandoned and scattered land was like a patch on clothes. After the community organization transferred more than 4,000 mu of land, it also set up a company to unify planting and management, which increased the community’s income by more than 1 million yuan each year.” Local farmer Wang Fuli said proudly, “Now life is getting better and better, thanks to our community cadres who have many ideas and are full of energy.”
Since last year, Yubei Community has accelerated its transformation. Under the overall leadership of the community party committee, it has successively established Yubei Agricultural Technology Co., Ltd. and Suqian Chuangxin Property Management Co., Ltd. Each company is led by a community cadre and is managed by a dedicated person. At the same time, it highlights the clear orientation of “more work, more rewards, less work, less rewards”. In 2024, 11 community cadres will receive reward funds of up to 30,000 yuan based on their contribution, further stimulating the enthusiasm of cadres to start businesses and enhancing the vitality of community development.
Once the concept changes, the world becomes wider. The people who do the work are still the same, but the results are very different. At the beginning of the new year, good news came from Yubei Community – in 2024, the community’s collective operating income reached 11.6885 million yuan, breaking through “tens of millions” for two consecutive years. “We will always uphold the concept of reform and innovation, systematic development, and sharing of results, and provide strong support for creating a new situation of comprehensive rural revitalization and promoting common prosperity with organizational responsibility and cadres’ courage.” Zhou Yongke, member of the Party Working Committee of Suqian High-tech Zone, deputy director of the Management Committee, and secretary of the Party Working Committee of Suqian Ecological Chemical Technology Industrial Park, said confidently.
