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Tax income of Jinshan Industrial Zone soars

Aug 7, 2019

The Jinshan Industrial Zone's tax income soared 66.6 percent year on year to 3.22 billion yuan (US$460 million) in the first half of the year.

"The development of the Jinshan Industrial Zone accelerated despite a slowdown in the national and global economies," said Zhou Yongchao, chairman of the zone.

The outstanding performance should be attributed to the development of new generation information technology, high-end intelligent equipment, healthcare and new material industries in the zone during its 16-year history, according to Zhou.

In March, the Jinshan medical equipment service industrial zone was put into operation, and by the end of June the tax income of this new zone had reached 250 million yuan. A total of 92 medical equipment enterprises have registered in the zone so far.

In the first half of the year, the Jinshan Industrial Zone signed 25 industrial projects worth 5.46 billion yuan in total investment. Among them 12 projects will have domestic investors, with a total investment of 2.16 billion yuan, while the remaining 13 projects will see foreign investors investing a total of US$457 million.