From the emergence of township and village enterprises to attracting global capital and transforming into an innovative economy and in 40 years of turbulence, the manufacturing industry in Jiangsu dares to be the first and ride the waves to grow from small workshops into large enterprises from global expansion and upgrading, which has greatly promoted the process of industrialization and modernization in the province, and strongly supported the high-quality and sustainable development of Jiangsu's economy and society.
This carbon fiber stroller, the first of its kind in the world, weighs only 6 kilograms, half the weight of a similar car. Boasting the ability to make point-turn motion by one hand, it won the Red Dot Design Award once it is marketed.
The Goodbaby pockit stroller can be lifted up and is easy to be carried along, making it popular all over the world. Today, Goodbaby products have the largest market share in the world's major markets such as China, the European Union and the United States. Goodbaby is the leader of global durable juvenile products industry.
Goodbaby Labs has gained the highest industry safety certification threshold in the European Union and the United States, and is the only one of its kind among domestic manufacturing companies.
Goodbaby is not alone when it comes to the development of township enterprises in the southern areas of Jiangsu in the process of the country’s reform and opening up, which has given birth to the "Southern Jiangsu Model" that has led the development of the national township enterprises. From 1978 to 1991, the province's industrial output value increased by 5.2 times, laying an industrial foundation for the development of Jiangsu's manufacturing industry.
The province's industrial added value increased from 11.71 billion yuan in 1978 to 72.583 billion yuan in 1991, an average annual increase of 15%.
In the 1990s, benefiting from the opportunities of the development in Pudong of Shanghai, Jiangsu attracted large-scale foreign investment and undertake foreign industrial transfer. The development experience of Suzhou Industrial Park was promoted nationwide and the export-oriented economy promoted the province’s industrial added value from 100 billion yuan in 1992 to over 300 billion yuan in 1997 with an average annual growth rate of 25%.
From the end of the 1990s to the beginning of the 21st century, Jiangsu's ownership structure was gradually optimized with continuing pace in the breadth and depth of opening up to the outside world. The province also recorded significant increase in the speed, coordination, and sustainability of industrial development with the industrial added value growing at an average annual rate of 17%.
Since 2008, Jiangsu has started to transform its industrial structures from an industrial powerhouse to an innovation-driven industrial province. From 2009 to 2016, Jiangsu's regional innovation capability ranked first in the country for eight consecutive years.
As of 2017, the province's industrial added value reached 3.5 trillion yuan while its manufacturing scale ranked first in the country for eight consecutive years. The industrial profits of large enterprises above the designated scale exceeded 1 trillion yuan, ranking first in the country. With the industry achieving initial success in its transition to high quality, Jiangsu has created an eighth of the national manufacturing industry, accounting for 3.6% of the world while its land accounts for less than 1% of the country's total.
(Source: Jiangsu International Channel)
