In the first three quarters, the total output value of industry in the Lin-gang Special Area in East China's Shanghai city hit 186.38 billion yuan ($29.2 billion), a year-on-year increase of 79.2 percent – reaching 81 percent of the annual target – according to the working meeting of the area held on Oct 22.

The output value of the new energy vehicle industry during the period was 116.34 billion yuan.

Fixed asset investment reached 60.57 billion yuan, a year-on-year increase of 58.3 percent.

A total of 328 new projects were signed up in the three quarters – involving an investment of 144.35 billion yuan – and 20,840 enterprises were registered.