East China’s Jiangsu province has continued to optimize supply-side reforms in the process of resuming work and production and promoting domestic and international circulations in the face of the impact of the COVID-19 pandemic and the complex and severe situations at home and abroad so that it has reported sustained industrial growth and stabilized high-quality development.
From January to November, Jiangsu reported 5.3% year-on-year increase in the added value of industrial enterprises above designated size. In February, the most severely affected month by the epidemic, the province's industrial growth rate fell below minus 17% year on year, but in November the growth rate rebounded to 12.7%, reaching a new high during the year.
from January to November, Jiangsu also reported 652.22 billion yuan in the industrial profits of the enterprises above designated size, a year-on-year increase of 9.7%.
Ten industries in 13 industrial categories achieved positive growth.
The country's support policy for new energy vehicles has promoted double-digit growth in the output value of the automobile manufacturing industry for five consecutive months. In November, the province sold more than 10 thousand new energy vehicles, an increase of 67.9% from January.
In Yancheng, the largest automobile manufacturing base in Jiangsu, automobile production and sales have gradually resumed. New energy vehicles such as Chinese Express and Modern Automobile have been rolled off the assembly line. The national new energy vehicle R&D center and new vehicle test field have been put into operation one after another, helping enterprises to seize business opportunities brought about by the boom in new energy vehicles.
In the meantime, Jiangsu has continued to deepen supply-side reforms by prioritizing the development of 13 advanced manufacturing clusters such as new energy, integrated circuits, biomedicine, and high-end equipment and focusing on 30 advantageous industrial chains such as rail transit and connected vehicles.
The "Smart Valley of China", located in Nanjing Economic and Technological Development Zone, reported a growth by 30% year on year in the output value of its artificial intelligence industry. Nine clusters in Jiangsu were shortlisted in the national advanced manufacturing cluster finals, accounting for one-fifth of the national total.
The output value of strategic emerging industries and high-tech industries accounted for 37.5% and 146.8% of industries above designated size, up 4.2 and 2.4 percentage points from the end of 2019.
In 2020， Jiangsu vigorously promoted the transformation of traditional industries towards high-end, intelligent, and green industries by adding 12 provincial intelligent demonstration factories, 27 international green factories, and 3 green parks.
Jiangsu also promoted the optimization of the industrial layout, transformation and upgrading of the chemical, steel, and coal power industries. 700 enterprises of low-end and backward chemical production capacity were shut down throughout the year. More than 550 were located along the Yangtze River. The number of chemical parks decreased from 40 to 29.
447 key industrial projects in the province fulfilled the annual planned investment, and construction on nearly 100 provincial-level key industrial projects were completed, providing new impetus for Jiangsu’s industrial growth. It is estimated that in 2020, the province's industrial added value will increase by 5.8% year on year.
