East China’s Jiangsu province recorded stable industrial growth from January to August with key enterprises, key industries and strategic emerging industries maintaining steady growth, the provincial commission of economy and information technology said Tuesday.
From January to August, the added value of the above-scale industries in the province increased by 5.6% year-on-year. The southern Jiangsu and central Jiangsu regions saw their added value increase by 6.8% and 6.9% respectively, which has exerted a significant supporting effect on the industrial growth of the province.
The growth rate of the five prefecture-level cities of Nanjing, Wuxi, Changzhou, Suzhou and Nantong, which account for a relatively large proportion, is higher than that of the provincial average.
The key enterprises monitored by the provincial commission of economy and information technology posted fair performance with the growth rate edging up 3.2 percentage points from January to July. The province's industrial use of electricity, a barometer of the operation of the industrial economy, grew by 4.2% year-on-year, which was higher than that in January-July.
The operating index of the small, medium-sized and micro enterprises has been running at a high level above the Purchasing Managers’ Index since the start of this year and rose further in August.
The manufacturing purchasing managers' index remained stable in the 8-month period, a strong indication of the current stable operation of the industry.
Faced with the rising costs of raw materials and human capital, Jiangsu is committed to building an intelligent manufacturing industry chain with the total number of intelligent workshops ranking first in the country and becoming the most competitive link in the international industrial chain.
Emerging industrial enterprises of strategic importance placed under the province's key monitoring program saw their prime operating revenue grow by 10.7%, 1.9 percentage points faster than the growth rate all the enterprises in the province.
The prime operating revenue of integrated circuits, offshore equipment, robots, and smart consumer equipment increased rapidly by 18.4%, 15.4%, 14.3%, and 11.3%, respectively.
The prime operating revenue of construction machinery, optical cable, steel and refined oil grew by 41.3%, 17.3%, 16.9%, and 15.3% respectively.
Statistics also show that under the severe international trade situation this year, the province's industrial profits have shown a rebound trend. From January to July, the province's profits increased by 9.1% year-on-year, an increase of 4 percentage points over the first two months of the year.
Industrial investment has risen steadily, and technological transformation investment has grown rapidly. 419 key industrial investment projects have fulfilled 77.4% of the annual plan, 10.7 percentage points higher than the scheduled progress, providing a guarantee for the steady growth of the industry throughout the year.
The profits of steel, basic chemicals, construction machinery and optical cables maintained a growth rate of more than 20%, which were 86.9%, 41.4%, 35.7% and 21.9% respectively.
Among emerging industries, the profit of offshore equipment, robots and glass fiber grew rapidly, with the growth rates reaching 65.5%, 30.2% and 21.7% respectively.
(source:ourjiangsu.com)
