Jiangsu steps up efforts for supply-side reform

2019年11月08日 11:14:48 | 来源:ourjiangsu.com

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East Chinas Jiangsu province has continued to adjust its industrial structure and accelerate supply-side structural reforms since the beginning of this year by eliminating backward overcapacity and cultivating emerging industries in a bid to accelerate the transformation of new and old kinetic energy.

  Xuanyou Technology is a smart manufacturing R&D and precision parts processing enterprise introduced by Wangting Town, Xiangcheng District of Suzhou last year. Its main customers include Huawei and Tesla. The annual output value is expected to exceed 800 million yuan.

  The company initially refused to settle down because the market in Wangting Town was once entrenched in waste plastics, scrap tires, scrap metal, and the industrial structure was therefore backward.

  In order to make up for the weaknesses and boost transformation, the local government began to eliminate low-level and inefficient enterprises three years ago, replacing more than 1,550 mu of land so as to make room for future high-quality development.

  At the same time, the local government also launched a series of measures to support entrepreneurial innovation, deepen the VAT reform, reduce the VAT rate in the manufacturing industry, further simplify the business process, etc.

  Gu Yehong, General Manager of Suzhou Xuanyou Technology Co., Ltd.

  Wangting's external environment and industrial facilities

  including infrastructure

  are indeed very efficient

  It took us no more than 15 days

  to get the construction permit

  The local government has made further efforts to reduce the cost of production energy, logistics, financing, etc., continue to reduce the cost of the real economy and institutional transactions, and cut back on the fees levied on enterprises so as to give the enterprises more sense of gain.

  At present, Wangting Town has focused on the creation of the Gonghu Emerging Industrial Park and the Intelligent Manufacturing Industrial Park. There are 17 projects under construction in the town.

  Gu Min, Party Secretary of Wangting Town, Xiangcheng District, Suzhou

  We have eliminated low-end industries

  to make room for high-quality

  brick-and-mortar manufacturing

  At the same time

  we are also strengthening the exploration

  of cultural tourism resources

  creating a better environment for living and working

  and building a new Wangting

  with high-end industrial clusters

  Jiangsu has witnessed more balanced reform in the supply and demand structure with the further deepening of the supply-side structural reforms in Jiangsu, especially the implementation of various measures to deepen the capacity and foster the development of new kinetic energy.

  At present, Jiangsu is promoting the deepened application in the research and development of big data and artificial intelligence. A number of emerging industrial clusters such as next-generation information technology, biomedicine, new energy vehicles and new materials are accelerating.

  In the first three quarters, Jiangsu increased its high-tech industry output value by 6.0%, accounting for 44.9% of the above-scale industries, up 0.2 percentage points over the first half of the year.

  The added value of high-tech manufacturing and equipment manufacturing industry accounted for 21.4% and 48.1% respectively, up 0.7 and 0.1 percentage points respectively over the first half of the year.

  The added value of high-energy-consuming industries fell by 0.1 percentage points from the previous quarter.

  The growth of new kinetic energy has not only become an important driving force for economic operations to maintain at a reasonable range, but also added stamina for economic structure optimization and economic stability.

  Shen Kunrong, Dean of School of Business, Nanjing University

  The growth of enterprises in the emerging field

  has enabled our industrial structure

  to be continuously optimized

  Through the continuous advancement

  of new and old kinetic energy transformation

  especially the growth of strategic emerging industries

  the integration of high-tech

  industry information technology industry

  and traditional manufacturing industry has been promoted

  helping Jiangsu to shift from made-in-Jiangsu

  to intelligent manufacturing in Jiangsu

  to provide strong industrial support

  for the provinces high-quality development