An intelligent manufacturing workshop of Zhejiang Tianpai Knitting Co. [Photo/WeChat account: yiwufb]

Yiwu's industrial output value above designated size reached 35.98 billion yuan ($5.37 billion) from January to March this year, with a growth rate of 75.3 percent, according to local media outlets.

During this same period, the total sales of Yiwu's industries above designated size increased by 85.6 percent year-on-year to 35.71 billion yuan. The city's industrial added value above designated size increase 40.2 percent yearly to 8.31 billion yuan, with the growth rate ranking first among all cities and towns in Jinhua.

Among industries above designated size, in the first quarter of this year the added value of digital economy core, equipment manufacturing, strategic emerging and high-tech industries increased by 81.9 percent, 73.8 percent, 71.7 percent and 53.6 percent, respectively, while the growth rates were 41.7, 33.6, 31.5 and 13.4 percentage points faster than that of industrial added value above designated size, respectively.

In the first quarter of 2022, the development of photovoltaics and new energy vehicles continued to show strong momentum. Yiwu Customs supervised about 6.3 billion yuan in solar cells and other products exported by local enterprises involved in the photovoltaic industry, a more than three-fold increase over the same period last year.

In addition, a total of 26 projects with more than 50 million yuan in investment each started construction from January to March this year. Their total investment amounted to 21.9 billion yuan, among which 3.59 billion yuan will be spent in 2022.