Wenzhou in East China's Zhejiang province saw the added value of its strategic emerging industries above designated size exceed 24.83 billion yuan ($3.68 billion) from January to June this year, according to local media outlets.
The amount accounted for 34.6 percent of the total added value of industries above designated size in the city. It was the first time the proportion surpassed the provincial average.
In recent years, Wenzhou has focused on the cultivation and development of strategic emerging industries, especially five strategic emerging industry clusters, namely digital economy, intelligent equipment, life and health, new energy, and new materials.
In the first half of the year, the five strategic emerging industries generated an output value of over 260 billion yuan. The added value of the intelligent equipment industry, the core industry of the digital economy, and the life and health industry increased by 14 percent, 9.6 percent, and 7.2 percent year-on-year, respectively, which were higher than the city's average growth rate in industrial added value.
At the end of April, agreements for 12 key projects in the new energy industry were signed to be carried out in Wenzhou. With a total investment of 125.8 billion yuan, these projects focus on wind power, lithium batteries, new materials, pumped storage, photovoltaics, hydrogen production, and energy storage. Construction has started on two of the projects.
In addition, the city is working to build industrial platforms to prioritize the agglomeration effect. Wenzhou's first national engineering research center - the National Engineering Research Center for Cell Growth Factor Drugs and Protein Preparations - was officially approved to empower the development of the life and health industry.
