CCTV News: The province's GDP reached 13.7 trillion yuan, an increase of 5.8%. In 2024, Jiangsu performed well in the provincial economic development. The economic development was "big and fast", that is, the base of economic development was large and the speed of economic growth was fast. The economic growth ranked first in the country, and it played the role of the "pillar" and "ballast stone" of high-quality development. In the new year, Jiangsu Province has clarified new goals, expanded new tracks, strengthened its confidence and determination to fight for the economy and carry out construction, and continued to shoulder the responsibility of the economic province to "take the lead".
In 2024, Guangdong, Jiangsu, Shandong, Zhejiang, Sichuan and Henan Province, once again ranked first in China's economy, with a total economic output of 14.16 trillion yuan; Jiangsu's total economic output followed closely with 13.7 trillion yuan, and the total economic output of the two provinces accounted for 20.8% of the country. Jiangsu also has many identities as "the largest province". In 2024, GDP reached 13.7 trillion yuan, an increase of 5.8%, ranking first in the country; the number of new "unicorns" and potential "unicorns" companies ranked first in the country, and the manufacturing high-quality development index ranked first in the country for four consecutive years.
For two consecutive years, Jiangsu has focused on the theme of "major project construction". The ArcelorMittal-China Oriental Group's new energy soft magnetic material project with a total investment of US$2 billion will be put into production, and will build a world-class new energy soft magnetic material 4.0 benchmark factory, green factory and R&D base.
Jiangsu is a major province with private economy, and the private economy contributes more than 70% to the province's economic growth. Jiangsu will continue to arrange 200 provincial key industrial projects for private investment this year, with an annual planned investment of 68.6 billion yuan to support the scientific and technological innovation and industrial development of the private economy.
Jiangsu has a strong real economy and many corporate innovation entities. It is the "first echelon" in the national innovation pattern. The local area focuses on 9 key industrial fields such as third-generation semiconductors, high-end equipment, and biomedicine, deploys 46 major science and technology projects, and accelerates the construction of an industrial science and technology innovation center with global influence. In 2024, a total of 13 innovative drugs in Jiangsu were approved for marketing, accounting for 1/3 of the country, ranking first in the country.
Jiangsu has a developed manufacturing industry, complete industrial categories and complete chains, which plays a demonstration and leading role in the transformation and upgrading of China's manufacturing industry. As of the end of 2024, the total number of national advanced manufacturing clusters in Jiangsu has reached 14, ranking first in the country. The development of industrial clusters will help form comparative advantages, accumulate various factors and resources, and promote the innovation, optimization and upgrading of the entire industrial chain. It can better play a leading role in the overall situation of the country. This is also the role of a major economic province.
