Jiaxing's manufacturing growth outpaces Zhejiang average
The added value of 17 major traditional manufacturing sectors above designated size in Jiaxing increases by 51.2 percent in the first two months of this year. [Photo/cnjxol.com]
The added value of 17 major traditional manufacturing sectors above designated size in Jiaxing increased by 51.2 percent in the first two months of this year, 3.1 percentage points higher than the provincial average, local media reported on March 18.
The added value of the 17 traditional manufacturing sectors in the city totaled 21.05 billion yuan ($3.23 billion) from January to February, 2.72 billion yuan more than the figure in 2019 during the same period.
The growth rate of the added value of the auto parts, metalware, agricultural and sideline food processing, as well as stationery and sporting goods sector in the first two months was the third most in Zhejiang.
That of the textiles, chemical products, rubber and plastic goods, non-ferrous metals processing, as well as furniture, bamboo, and wood products sector in Jiaxing outpaced the provincial average during the same period.
Joinhands Auto Spare Parts Co, a Jiaxing-headquartered supplier of fuel oil pump assembly, as well as oil atomizer of vehicles and motorbikes, is a foreign trade company exporting 80 percent of its products.
In the first two months of this year, the export value of Joinhands totaled 85 million yuan, a year-on-year increase of 40 percent, and the company expects to generate another 300 million yuan of sales revenue this year, according to Lu Liyan, administration manager of Joinhands.