Pingyao development zone supports reform and innovation

Pingyao Economic and Technological Development Zone in Pingyao county will continue to support investment promotion, reform and innovation in the current year to ensure that its economic contribution to the county increases to 35 percent.

The development zone will focus on project construction, investment promotion, industrial development and the business environment to comprehensively improve its industrial capacity and promote growth.

The primary goals of the development zone are as follows: the main business revenue will exceed 5 billion yuan ($767.91 million), an increase of more than 15 percent year-on-year; industrial investment will increase 18 percent year-on-year and the added value of industrial enterprises above designated size – those with annual revenue of more than 20 million yuan – will increase 11 percent year-on-year.

The investment of industrial transformation projects will account for more than 75 percent of the total industrial investment. 

The investment and output per mu (666.67 square meters) will reach 2.1 million yuan and the average investment per mu of new industrial projects in the zone will exceed 3.5 million yuan.