Remarkable progress by development company
Print Edition
Jiading Economic Development Service Co Ltd has had remarkable results since becoming the marketing platform for the district鈥檚 economic zones in 2015.
In 2016 and 2017, it paid taxes of 1.2 billion yuan (US$175 million) and 1.4 billion yuan respectively, with a 10 percent average annual growth rate. In the same period, the number of company registrations increased by 21 percent and 18 percent.
In 2015, Jiading stepped up efforts to build a benign environment for registered companies, especially those in the four economic zones of Jiacheng, Ningxin, Zhenxin and Liujindao.
JEDC was established the same year to introduce investment in the area.
As a fully-owned subsidiary of the district鈥檚 Jiading State-owned Assets Group, JEDC set up four independent branches for the zones. They aim to pinpoint companies鈥 needs and provide customized services.
The four economic zones have teamed up and pooled their resources.
Nanxiao Fire Engineering Co, a company that registered in Ningxin Economic Zone, moved into Cao鈥檃n 3131 Commercial Park this year, with the support from Zhenxin Sub-district. Each year it turns in 20 million yuan of tax.
Thanks to the mode integrating the fund, the industry and the park, the industrial expansion has been made easier for the companies like Nanxiao.
In exploring individualized services, the four zones have developed different focuses. Ningxin for example, recruits local commercial entities through large groups.
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