The output value of Yiwu's industrial enterprises of designated size with an annual revenue of at least 20 million yuan (2.96 million) surged 66 percent year-on-year to 77.8 billion yuan in the first half of the year, according to the local economic and information bureau.

The value-added industrial output above designated size increased by 41.6 percent year-on-year, remaining first in Jinhua.

In the first six months, the city's photovoltaic output reached 43.1 billion yuan, a year-on-year increase of 153.94 percent.

The Yiwu branch of JA Solar, one of the world's largest producers of solar energy products, is leading the economic development of the city's photovoltaic industry.

From January to June, JA Solar achieved a total industrial output of 10.26 billion yuan, surging 258.81 percent year-on-year. The company was listed as a provincial smart factory and also piloted the application of industrial robots in the country.

Yiwu has seen booming emerging industries and fruitful achievements in the transformation of traditional industries.

Wang Yefei, general manager of Zhejiang Manzi Socks Co, said that their smart factory has introduced a project operation management platform system allowing designers to share information about new products, such as color and materials.

As a traditional sock manufacturer, the company can now develop 30 new products every day to meet the demands of custom orders.

In the first six months, the added value of Yiwu's digital economy core, equipment manufacturing, strategic emerging and high-tech industries increased by 95.3 percent, 84.4 percent, 77.1 percent and 56.2 percent, respectively, with the growth rates all at the forefront of the province.