Home> Updates

​Pinghu's traditional industries see stable growth in H1

chinadaily.com.cn| Updated : Aug 15, 2022

The added value of 17 traditional industries in Pinghu, a county-level city in Jiaxing, Zhejiang province totaled 13 billion yuan ($1.91 billion) from January to June, an increase of 8.2 percent and the highest growth rate in Jiaxing.

The luggage industry was the main engine of the city's industrial growth.

The city is currently home to 46 luggage enterprises, and the added value of these enterprises reached 403 million yuan in the first half of this year, up 33.8 percent year-on-year.

7888294141260475474(1).jpg

Bags made by Newcomer Group are on display in a shop. [photo/WeChat account: phfabu]

Newcomer Group, a leading enterprise in the luggage industry in Pinghu, focused on brand innovation and product development in the first half of this year.

Due to the impact of the COVID-19 epidemic on the tourism industry, new products such as bags that are more suitable for daily use have been introduced. At the same time, elements such as carbon reduction and environmental protection have been integrated into the products to better meet market demands.