Employees move finished solar collector tubes at a company in Weixian County of north China's Hebei Province, Dec. 8, 2020. (Xinhua/Mu Yu)
BEIJING, Dec. 10 (Xinhua) -- Local governments in China have signed a number of emerging industry projects at over 10 billion yuan level since October, aiming to achieve the annual target for economic development, reported the Xinhua-run Economic Information Daily on Wednesday.
For example, Baotou city in north China's Inner Mongolia Autonomous Region on Tuesday signed 49 projects with a total investment of 67.6 billion yuan, mainly involving 11 emerging industries such as new materials, new energy, next generation information technology and biotechnology.
Likewise, east China's Anhui Province in mid October kicked off 84 strategic emerging industry projects with a total investment of 40.35 billion yuan. These projects accounted for 38.18 percent of Anhui's tenth batch of 220 major projects that involved an investment of 115.94 billion yuan.
To push ahead the development of emerging industries, local governments have moved faster to provide a new round of financial support.
Northwest China's Xinjiang Uygur Autonomous Region recently arranged 10 million yuan of financial funds for strategic emerging industries to support 23 projects, while Harbin in northeast China's Heilongjiang Province invested 739 million yuan in 11 strategic emerging industry projects.
Emerging industries are becoming an important anchor for economic stability. The intensive implementation of relevant industrial projects is conducive to stabilizing investment and injecting new impetus to economic growth, said industry insiders. (Edited by Su Dan with Xinhua Silk Road, firstname.lastname@example.org)