Core Insights - Yancheng City in Jiangsu Province is focusing on developing a modern industrial system supported by advanced manufacturing, emphasizing the "5+2" strategic emerging industries and 23 key industrial chains [1][12][25] - The city achieved a GDP of 777.9 billion yuan in 2024, with a growth rate of 5.5% year-on-year, indicating stable economic performance [2][4] - The "5+2" strategic emerging industries are projected to exceed 1 trillion yuan in scale by 2024, with significant contributions from key industrial chains [1][14][25] Economic Overview - Yancheng's economy is characterized by stable production, improved domestic demand, and enhanced quality and efficiency [2] - The city's GDP reached 777.9 billion yuan in 2024, with the primary industry contributing 84.58 billion yuan (3.4% growth), secondary industry 301.2 billion yuan (5.8% growth), and tertiary industry 392.14 billion yuan (5.6% growth) [2][4] Industrial Development - The city has made significant strides in industrial growth, with a 3.9% increase in industrial value added in 2024 [4][6] - High-tech industries accounted for 51.4% of the total industrial output value in 2024, reflecting a strong focus on innovation [6] - Fixed asset investment grew by 0.3% in 2024, with industrial investment increasing by 9.7%, making up 59.6% of total investments [8] Key Industrial Chains - Yancheng is developing 23 key industrial chains, including crystalline silicon photovoltaic, wind power equipment, stainless steel, and pollution control equipment, among others [12][14][25] - The "5+2" strategic emerging industries include new energy vehicles, new materials, and digital economy sectors, aiming for a comprehensive industrial upgrade [12][25] Policy Support - The local government has implemented various policies to support the development of the "5+2" industries and key industrial chains, aiming for 70% of manufacturing to come from these sectors by 2025 [14][16] - Recent policies include financial incentives for technological upgrades and support for high-quality projects in emerging industries [16][25] Future Outlook - Yancheng aims to accelerate its industrialization process and become a highland for advanced manufacturing in the northern Yangtze River Delta [1][25] - The city plans to enhance its industrial structure, focusing on integrating innovation and value chains to promote healthy industrial development [25]