Fixed-asset investment in Nansha increases from Jan to May

A press conference was held on June 28, introducing Nansha's current situation in the construction of major projects.

Preferential policies have been released to help local companies overcome difficulties due to the outbreak of the novel coronavirus (COVID-19). Companies in the district have been exempted 1.3 billion yuan ($183.95 million) from various social insurance premium, as well as about 26 million yuan in taxes by the middle of June.

Nansha has finished 47.7 percent of the construction of the total 204 key projects at the district level, six percentage points faster than the schedule. A total of 51.2 percent of the construction of 172 municipal key projects in Nansha has been completed.

The fixed-asset investment in Nansha from January to May increased by 8.9 percent year-on-year.

Nansha has pushed forward construction for a total of 62 new infrastructure projects, covering six areas spanning 5G and network application, innovative infrastructure, smart transportation, as well as smart manufacturing, investing 5.42 billion yuan from January to May.

The overall investment for modern industrial projects in Nansha from January to May was 10.5 billion yuan, up 72 percent year-on-year, while the overall investment for infrastructure projects exceeded 11.8 billion yuan, with a year-on-year increase of 73 percent.

In addition, Nansha has invested nearly 10 billion yuan in improving people's livelihoods, up 163 percent year-on-year.