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Haiyan, Jiaxing reaches new economic heights

chinadaily.com.cn| Updated : Jan 14, 2020

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Haiyan county, Jiaxing, Zhejiang province has beefed up efforts to cultivate leading industries and develop its digital economy, giving rise to industrial development. [Photo/haiyan.gov.cn] 

The total industrial output value of businesses above a designated size in Haiyan county, Jiaxing, Zhejiang province is expected to hit 100 billion yuan ($14.5 billion) in 2019, a new record for the county. This represents a year-on-year increase of 9.2 percent, Jiaxing Daily reported on Jan 11.

Since 2010, Haiyan has been working to upgrade its traditional industries and accelerate the development of emerging industries. This has given rise to producer services in the county, optimized the county's industrial structure, and injected new vitality into its economic growth.

Haiyan is known as the hometown of fastener products, as the fastener industry is one of the most important traditional industries in the county. Due to low-end manufacturing techniques, the fastener industry in Haiyan has had poor economic performance in the past, providing low value-added products with high energy consumption and emissions.

Last year, Zhejiang province carried out pilot reforms in Haiyan to promote the upgrading of the county's metal manufacturing industry and accelerate the technical transformation of the fastener industry in order to speed up the innovative development of traditional industries in the county.

Emerging industries in Haiyan have also maintained strong growth and have become new economic pillars of the county.

For example, Amphenol Jet, a technology company in Haiyan, is firmly committed to promoting high-quality development by accelerating the industrialization of the digital economy and the digitization of industries. Its products are mainly used in the construction of 4G and 5G base stations. By the end of 2019, the company had generated a total industrial output value of nearly 1 billion yuan.

Last year, the city strove to attract investment in its digital economy, with a large number of renowned projects being undertaken in Haiyan, boosting the development of the county's digital economy industrial cluster.

From January to November last year, the added value of core industries in the county's digital economy reached 1.61 billion yuan, an increase of 28 percent year-on-year, ranking first in Jiaxing.

"With the historical opportunities provided by the integrated development of the Yangtze River Delta region, the industrial development of Haiyan is seeing a golden era," said a local government official.

In the future, Haiyan will vigorously promote supply-side structural reforms to eliminate low-efficiency industries and ensure the continued growth of the economy.