Industrial output boosts high-tech ambition

Jiading's financial revenue exceeded 100 billion yuan (US$14.7 billion) last year while total industrial output of scale reached over 600 billion yuan.
Ti Gong

Jiading New Town

Jiading’s financial revenue exceeded 100 billion yuan (US$14.7 billion) last year while total industrial output of scale reached over 600 billion yuan, according to latest statistics from the district economic administration.

And public expenditure reached 39.15 billion yuan in 2018, 5.6 percent higher than in 2017.

The output of four emerging industries kept the pace with an increase of over 20 percent. A number of key projects and platforms were confirmed to be set up in the district, including a national intelligent sensor innovation center, Shanghai precision medicine industrial park, and Anting international healthcare industrial park.

As the first batch of enterprises attending the Intelligent Connected Vehicle’s road testing, the ICVs from Jiading-based SAIC Motor Co and electric carmaker NIO drove from the E-Zone and carried out a public road testing in Anting Town last March.

The licenses will allow the two companies to test their ICVs on an 11-kilometer stretch of public road in the district.

Testing features include identification and response to speed limits, traffic light identification, identification of pedestrian and non-motor vehicles, lane discipline and other functions.

The district aims to become a world-class automobile industry center and there were 1,005 high and new technology companies in Jiading by the end of last year.

The construction of SAIC Volkswagen’s new electric factory project kicked off in Anting last October.

The Anting factory will produce electric vehicles based on VW’s Modular Electric Drive Kit. The 610,000-square-meter facility will begin operations in October 2020 with a total investment of 17 billion yuan. Annual production is expected to reach 300,000 vehicles.

Jiading also joined with Suzhou in Jiangsu Province and Wenzhou in Zhejiang Province to accelerate strategic cooperation for higher-quality development.

The average disposable income of local residents rose 9.4 percent year-on-year to 53,545 yuan (US$7,874) in 2018, according to Jiading District Statistics Bureau.

That was 0.3 percentage points higher than in 2017, when the average disposable income increased by 9.1 percent.

Gross merchandise sales edged up 3.1 percent to 641.05 billion yuan in 2018. The sales of automobiles increased by the same 3.1 percent to 395.2 billion yuan, which accounted for 61.6 percent of total retail revenue.

Total retail sales of consumer goods soared by 15.3 percent to 120.36 billion yuan last year. And e-commerce rocketed 24.1 percent to reach 75.37 billion yuan, which was 62.6 percent of the total. It was 4.6 percentage points higher than in 2017.

Retail sales of 14 commercial complexes and two commercial streets reached 6.92 billion yuan, rising 28.1 percent over 2017.

The sector accounted for 5.7 percent of the total retail sales of consumer goods, and it was 0.5 percentage points higher than the previous year.

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