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​Jiaxing's industrial economy post stable growth in Jan-July

chinadaily.com.cn| Updated : Sep 7, 2022

The added value of industrial enterprises above designated size in Jiaxing, East China's Zhejiang province expanded 3.1 percent year-on-year in the first seven months of this year, local media reported on Sept 6.

In the same period, the city's digital economy's core manufacturing industries grew 13.9 percent year-on-year, accounting for 22.5 percent of the added value of industrial enterprises above designated size and playing an important role in the recovery of the industrial economy.

The stable growth of the city's industrial economy can be attributed to the introduction of major manufacturing projects.

For example, a cable project that produces industrial robots, special cables for digital 5G equipment and cables for vehicles in Jiaxing's Economic Development Zone received a total investment of 1 billion yuan ($144.43 million). It is expected to achieve an annual output value of 2 billion yuan and pay nearly 60 million yuan in taxes annually.

From January to July, the city's manufacturing investment reached 60.57 billion yuan, up 24.7 percent year-on-year.