Yiwu, a county-level city administered by Jinhua, East China's Zhejiang province has made progress in the industrial growth, with the output value of industrial enterprises above designated size reaching 89.8 billion yuan ($14.1 billion) from January to October this year, a year-on-year increase of 67 percent.

In addition, from January to October, the industrial added value of industrial enterprises above designated size reached 20.8 billion yuan, a growth of 48.7 percent, 24.8 percentage points higher than Jinhua's. The city's added value growth rate has always ranked first in Jinhua. 

The projects launched in Yiwu have played an important role in stimulating industrial economic growth. For example, the output value of Yiwu JA Solar Technology Limited Company reached 7.81 billion yuan from January to October.

The output value of 14 major investment projects in Yiwu reached 40.2 billion yuan from January to October, accounting for 44.8 percent of the total output value. The increment in output value was 28.5 billion yuan, which drove the growth rate of output value by 53 percentage points.

Moving forward, Yiwu will continue to focus on the cultivation of emerging industries, including information optoelectronics, new energy vehicles and components, high-end chips and intelligent terminals, as well as healthcare, and accelerate the transformation and upgrading of traditional small commodity manufacturing industry.