The government said in 2017, that it has deepened the structural reform on the supply side.
Yangzhou has kept promoting industrial transformation and upgrading, enhancing the quality of manufacturing industry, and implementing targeted policies for the development of high-end equipment and smart manufacturing industries.
The industrial investment of Yangzhou reached 200.8 billion yuan ($31.8 billion) in 2017, accounting for 55 percent of the total fixed asset investment. The added value of strategic emerging industries accounted for 16.5 percent of the city's total GDP.
The service industry is accelerating quickly, after the formulation of a three-year plan to improve its quality and efficiency. The added value accounted for 46 percent of Yangzhou's total GDP. The software and internet industry amounted to 109.5 billion yuan, a yearly increase of 30.2 percent. The total sale of social consumer goods was also up 10.1 percent.
Local agriculture achieved substantial results in its modernization process, such as the total output of grain grew to 2.9 billion kilograms, two major national agricultural projects were put into practice, and the level of agricultural mechanization increased to 86 percent.
Yangzhou geared up to promote multi-cooperation and accelerated its pace in opening up. The 2017 "Flowery March" festival saw the signing of 277 international economic, trade and tourism projects. The actual use of foreign capital in 2017 was $1.2 billion. Companies which have opened braches overseas realized an export sale of $7.5 billion, up 10 percent. The city also successfully hosted the Worldwide Symposium on Geographical Indications, the SCO National Coordinator Council Meeting, the World Canal City Forum, and the World Sports Events and Tourism Summit.
This English version is only for reference. To learn more, please refer to the authoritative Chinese version.
Copyright©2021 China Daily. All rights reserved.