Industry leads to steady growth
Jiading New City
Jiading’s economy maintained steady growth in the first half of the year as the industrial sector came roaring back.
It reported a gross value added of 102.46 billion yuan (US$15.1 billion) in the first half of the year, up 8.4 percent from a year earlier. Its fiscal revenue reached 62.62 billion yuan, a year-on-year increase of 12.8 percent.
Local manufacturers with an annual turnover of over 20 million yuan achieved a gross output value of 279.57 billion yuan in the first half, up 11.4 percent year-on-year.
District director Ma Chunlei told reporters that Jiading is creating a future-oriented automotive society, a world class automotive industry.
The auto industry in the district recovered in the first half of the year which in turn boosted the traditional manufacturing sector.
The auto industry in the district reported a total output of 206.34 billion yuan in the first half of the year, up 11.9 percent.
Industrial transformation has become the key phrase this year amid the structural adjustment of the district.
Jiading is accelerating the development of high end manufacture featuring strategic emerging industries.
The strategic emerging industries such as new energy vehicles and next generation information technology contributed a total output of 41.61 billion yuan, a significant growth from the same period last year.
Four major industrial clusters reported 13.29 billion yuan of output in the first half of the year, up 24.9 percent.
In addition, Jiading-based enterprises grew rapidly expanding their exports to Belt and Road initiative countries.
The growth of exports to Ukraine, Cambodia and Sri Lanka jumped 50 percent or more.
The district also attracted US$400 million of foreign investment in the first half of the year.
