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Dinghai bolsters manufacturing industry

Updated : 2024-04-02 (

Dinghai district in Zhoushan, Zhejiang province completed investments totaling 563 million yuan ($77.82 million) in the manufacturing sector in the first two months of this year, marking a year-on-year increase of 75 percent, according to authorities.

This success can be largely attributed to the implementation of a series of measures rolled out by authorities, including establishing a special task force to enhance coordination among related agencies and overcoming bottlenecks such as land and energy consumption restrictions.

Twelve projects, including corn deep processing, new energy, and marine engineering facilities, contributed investments of exceeding 340 million yuan, accounting for 60 percent of the total investment.

Authorities also introduced policies for the high-quality development of traditional industries such as shipbuilding and seafood processing, achieving investments of 85 million yuan and 110 million yuan, year-on-year growth of 225 percent and 20 percent respectively.

In addition, the machinery industry completed investments of 110 million yuan during the same period, a 50 percent year-on-year increase.

These investments will significantly invigorate the high-quality development of Dinghai's manufacturing industry, thereby playing a crucial role in boosting Zhoushan's marine economy, noted a local official.