East China’s Jiangsu province reported year-on-year increase of 21.5% in the added value of industrial enterprises above designated size, translating into a two-year average growth rate of 10.8% and 4.8 percentage points higher than the growth rate of the same period in 2019.
The latest industrial economic operation report of the Provincial Department of Industry and Information Technology shows that the export delivery value of industrial enterprises above designated size increased by 21% year-on-year, with an average growth rate of 7.2 in two years.
In the second quarter, the province’s business climate index reached 136, and the entrepreneur confidence index reached 136.2, up 20.4 and 21.2 year-on-year respectively.
With the rising prices of international bulk raw materials and logistics services since the start of this year, container shipping prices have risen by more than five times.
Xugong Group, China’s largest construction machinery company, recently exported nearly 1,000 construction machinery products to South America. These machineries were recently shipped from Lianyungang Port to South America on the "Sao Paulo" under COSCO SHIPPING.
Lu Chuan, CEO of Xugong
XCMG's performance in the first half
of this year hit a record high
XCMG exports increased by more than 70%
over the same period last year
XCMG’s machinery products have entered
97% of the Belt and Road countries
maintaining the first place in the market share
of 33 Belt and Road countries
The accelerated development of advanced manufacturing, especially the advantages of 13 advanced manufacturing clusters, has promoted the rapid growth of emerging kinetic energy. The added value of high-tech manufacturing and equipment manufacturing increased by 23.6% and 27.7% respectively.
In the first half of the year, the province's high-tech industry output value accounted for 47.7% of the planned industrial output value, an increase of 1.2 percentage points from last year, indicating that Jiangsu's industry rebounded rapidly in unprecedented adversity and continued to optimize its structure.
