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Factory of a manufacturing company above designated size in Jiaxing. [Photo/cnjxol.com]

Jiaxing in East China's Zhejiang province experienced stable economic development in the first seven months of the year.

From January to July, the added value of industries above designated size increased 21.4 percent year-on-year, 2.2 percentage points higher than the provincial average, while in July, that of industries above designated size increased 15.1 percent year-on-year, 4.7 percentage points higher than the provincial average.

The added values of the high-tech manufacturing, equipment manufacturing, core digital economy manufacturing, and cultural industries increased 37.4 percent, 35 percent, 31.2 percent, as well as 30.2 percent year-on-year respectively.

In the Jan-July period, the fixed assets investment in Jiaxing increased 15.9 percent year-on-year. Its investment in infrastructure and the manufacturing industry surged 39.1 percent and 27.5 percent respectively.

The investment in real estate development decreased 7 percent year-on-year in the first seven months of the year.

During the same period, the general financial revenue of Jiaxing totaled 85.03 billion yuan ($13.11 billion), a year-on-year increase of 19 percent, while its general public budget expenditure amounted to 42.5 billion yuan, a year-on-year increase of 12.6 percent.

In the Jan-July period, the city's import and export value reached 205.65 billion yuan, a year-on-year increase of 33 percent. The growth rate was 7.8 percentage points higher than the provincial average.