Jiangsu reports steady industrial growth Jan-Oct

2019年12月10日 14:41:14 | 来源:ourjiangsu.com

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East China’s Jiangsu province has adhered to innovation-powered development since the beginning of this year to have promoted industrial transformation and upgrading, and accelerated the promotion of kinetic energy conversion, as is evidenced by the rapid growth and improved efficiency of some key industrial sectors.

From January to October, Jiangsu continued to maintain rapid double-digit growth in the profits of electrical machinery and equipment manufacturing industry by registering profits of 49.42 billion yuan, an increase of 13% year-on-year. The profit growth rate remained above double digits for three consecutive months, boosting the province's industrial profit growth rate by 1.6 percentage points.

The photovoltaic industry registered a profit of 4.23 billion yuan in the January-October period, an increase of 2.4 times year-on-year, boosting the province's electrical industry profit growth rate by 6.6 percentage points, and contributing to the province's electrical industry profit growth rate by 52.5%.

The pharmaceutical industry in Jiangsu has also maintained good development momentum since the beginning of the year. In October, the added value of the pharmaceutical industry increased by 25.5% year-on-year, continuing to maintain double-digit rapid growth, which is 21.8 percentage points higher than the average growth rate of the industries above designated size. It also contributed 23.9% to the growth rate of the industries above designated size, an increase of 5.7 percentage points from September. The added value of the chemical preparation manufacturing industry increased by 41.6% year-on-year, an increase of 3.3 percentage points from September.

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