The industrial added value in east China’s Jiangsu province grew 5.3% year on year in the first quarter, up 2.3% from January and February, the provincial department of industry and information technology said on Friday.
The consumption of electricity in the first quarter rose 0.2% year on year, rebounding by 1.9% from January and February.
The industrial added value of southern, central and northern Jiangsu regions edged up by 5% year on year. 12 of the 13 prefectural cities witnessed rebound of industrial added value from the first two months.
In the first quarter, metallurgy and building materials sectors reported growing trends from rising market prices. Key pharmaceutical enterprises witnessed stable production and sales. The pharmaceutical industry is expected to see its operating income increase by more than 10% in the first quarter. Construction machinery and shipbuilding sectors maintained double-digit growth in operating income in the first quarter.
The rail transit industry was driven by favorable factors such as the large-volume procurement of the Fuxing bullet train and the accelerated development of urban rail transit, which will drive the growth of the operating income in the first quarter by about 40% year on year. Key photovoltaic enterprises reported full production task. The software and information technology services witnessed increase by 10%-20% with new technologies and new products emerging.
In the first quarter, industrial investment in the province increased by 2.9% year-on-year, of which industrial technology investment increased by 9.4% year-on-year, both of which were higher than the same period last year. The favorable tax cuts in the manufacturing industry provide continuous momentum for industrial stability and high quality growth.
（source：ourjiangsu.com）
