9 months of steady growth for economy
Jiading New City
Jiading’s economy maintained a steady growth in the first three quarters of the year.
The district reported a gross value added of 107.45 billion yuan (US$16.21 billion) in the first nine months, up 7.2 percent from a year earlier. Its fiscal revenue reached 80.78 billion yuan, a year-on-year increase of 12.3 percent.
Local industrial enterprises with an annual turnover of over 20 million yuan achieved a gross output value of 264.69 billion yuan in the first nine months, a year-on-year increase of 11.2 percent.
Total industrial fixed asset investment amounted to 6.16 billion yuan during the same period, up 9.6 percent, positive growth for the first time in the year.
Upgrading of the manufacturing industry has led to increasing dividends. Strategic emerging industries and high-tech industries have become new engines to drive economic growth.
Four major emerging sectors reported strong growth in the first nine months. Enterprises in the industries, with an annual turnover of over 20 million yuan, reported a gross output value of 21.24 billion yuan during the period, up 26.8 percent from a year ago.
In traditional manufacturing, the auto industry reported 321.37 billion yuan of output in the first nine months, up 14.7 percent from a year ago, accounting for 73.8 percent of Jiading’s total industrial output during the period.
More Jiading-based enterprises invested overseas. At present, 2,256 local firms are engaged in exports.
