The industrial economy of Jingjiang – a county-level city administered by the prefecture-level city of Taizhou in East China's Jiangsu province – is on the rise.
According to the latest statistics, the value of its industrial output increased by 15.8 percent year-on-year in the first two months of this year, local media reported.
The industrial economy involves activities that combine the factors of production – facilities, supplies, work and knowledge – to produce material goods for the market. That's as opposed to the extraction, or mining, industry and the services or tertiary sector.
A robot swings into action at a production workshop run by Jingjiang-based Jiangsu Sanjiang Electric Group. [Photo by Ma Yuchao provided to etaizhou.gov.cn]
Since the start of the year, manufacturers in Jingjiang have been working hard to boost production at full capacity, expand markets and provide assistance and support for the overall improvement of the city's economy.
Statistics showed that in the first two months, Jingjiang achieved an industrial output value of 26.2 billion yuan ($3.81 billion), a year-on-year increase of 15.8 percent. The added value of industry reached 6.65 billion yuan, up 15.3 percent.
That performance was attributed to the local government's efforts to undertake measures to boost the confidence of small and medium-sized enterprises to increase their development.
What's more, local government actively organized enterprises to undertake various promotions activities, supported them in securing additional orders to increase market share.
Among the traditional industries, shipbuilding maintained a strong momentum of development during the period, with the value of output growing more than 40 percent.
Moreover, the output value of the city's auto parts, motors and electrical appliances production increased by over 20 percent. For emerging industries, the output value of high-end equipment manufacturing also maintained rapid growth.