Jiaxing's high-end equipment manufacturing sector surges
The high-end equipment manufacturing industry in Jiaxing is booming. It generates 209.08 billion yuan ($32.39 billion) in output value in 2020. [Photo/cnjxol.com]
The high-end equipment manufacturing industry in Jiaxing, East China's Zhejiang province, experienced leap-frog development during the 13th Five-Year Plan period (2016-20), local media reported on Feb 24.
The industry generated 209.08 billion yuan ($32.39 billion) in output value last year, a 132.6 percent increase on the level five years ago, according to Ruan Huxiang, a researcher at the Jiaxing municipal bureau of economy and information technology.
Ruan noted that the high-end equipment manufacturing sector's proportion of total industrial output above a designated size in Jiaxing increased from 11.5 percent in 2016 to 20.2 percent in 2020.
To top it off, 72 sets of equipment manufactured by Jiaxing won provincial and national recognition in the 13th Five-Year Plan period, 50 more than in the 12th Five-Year Plan period (2011-15), he said.
During the 13th Five-Year Plan period, the Jiaxing municipal government rolled out a series of measures to support the development of its high-end equipment manufacturing industry, according to Ruan.
In 2019, the government organized experts from local universities and business associations to familiarize companies with enterprise technology centers and in the following year, the Jiaxing municipality arranged centralized training for those centers applying for provincial recognition.
Over the past five years, three enterprise technology centers in the city have won national recognition while another 515 have won provincial and municipal recognition.