Nanyang HTIDZ develops rapidly in H1

The Nanyang Hi-Tech Industries Development Zone develops fast in the first half of 2018. [Photo/z.01ny.cn]

In the first half of 2018, the Nanyang Hi-Tech Industries Development Zone (HTIDZ) made great strides in economic development, with its gross domestic product (GDP) growing by 9 percent.

The added value of industries above a designated size has also increased by more than 7 percent, and fixed asset investments have risen by 6.4 percent.

The HTIDZ currently has 11 projects costing more than 300 million yuan ($43.8 million), including the Wolong explosion-proof electric machinery production project with a total cost of 1.1 billion yuan, and the Lida optical and electronic production line project with a total cost of 820 million yuan. In addition, eight major renewal projects will be completed and operational by the end of the year.

The closer ties between Beijing and Nanyang have also promoted economic development. In the first half of the year, projects of enterprises such as Honchoo Technology, Sendi Electronics, and Dayao Biology were stationed in the Zhongguancun-Nanyang Science and Technology Industrial Park. Five Beijing enterprises were also introduced to the development zone.

The HTIDZ has introduced 47 projects of various types, costing a total of 12.2 billion yuan, in the first six months of this year, completing 60.5 percent of the year's tasks. Most of the projects involve photoelectric information, intelligent manufacturing, water science, and modern logistics services.

The zone sought 26.74 million yuan in financial support for enterprises and also encouraged enterprises to actively apply to be named among the top 100 science and technology innovation enterprises in Nanyang.