Workers on a LCD display module automated production line in the Peng'an Industrial Park, Nanchong city, Sichuan province.

Peng’an County Drives Economic Growth with New Industries and Infrastructure

In Sichuan by China Business ForumLeave a Comment

Since early this year, Peng'an county in Nanchong city, Sichuan province, has emphasized boosting industries, fostering new growth drivers, and creating advantages. This focus has led to steady economic and social development, showcasing a trend toward high-quality growth.

Industrial Development in Peng'an

In midsummer, workers collaborated to fulfill orders at the production workshop of YM Panel Display Technology Co in the Peng'an Industrial Park. This company, a key investment attraction, has invested 200 million yuan ($27.47 million) to build four new production lines. These lines will enable the company to achieve an annual output value of more than 300 million yuan. Their electronic products are mainly used in smart transportation, smart medical care, smart office, mobile phones, in-car displays, and commercial displays.

Infrastructure Expansion

The construction of standardized factory buildings and supporting facilities is in full swing in the Peng'an Industrial Park. The project, expected to be completed in 2025, includes 300,000 square meters of factory buildings, public rental housing, an industrial complex, and a wastewater treatment plant.

Support for Enterprises

Peng'an county has been holding special meetings to hear opinions and suggestions from entrepreneurs, optimizing the efficiency of services. The county supports enterprises in areas such as technological upgrades, smart transformation, and financing. Officials from the Peng'an county government stated, "Peng'an is making every effort to accelerate the growth of leading industries, capturing new productivity development opportunities and seizing new industrial tracks."

Diversified Industries and Economic Growth

Peng'an's electronic information industry is taking shape, the energy industry is becoming more diversified, and industries such as feed processing, grain and oil processing, food processing, and fruit and vegetable processing are developing competitively. The agricultural product processing industry system is also becoming more complete.

Coordinated Development and Tourism

Peng'an is deepening the coordinated development of commerce, trade, culture, and tourism. The county is creating themed consumer tourism destinations to serve the large consumer market in the Chengdu-Chongqing area.

Improved Transportation Infrastructure

The Bazhong-Nanchong High-speed Railway, with a design speed of 250 kilometers per hour, opened on June 27. This development aids travel for Peng'an residents and injects new momentum into local economic and social development. Additionally, the Chengdu-Nanchong-Dazhou-Wanzhou High-Speed Railway, currently under construction, will also pass through Peng'an. Once completed, the county will have three major railway arteries.

Future Prospects

Peng'an county continues to push forward with its economic and industrial initiatives, aiming for sustained growth and enhanced quality of life for its residents. The ongoing investments and developments in various sectors highlight Peng'an's commitment to becoming a significant economic hub in Sichuan province.

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