PFEA111-20 3BSE050090R20 Since the beginning of this year, Suzhou, Ningbo, Xi ‘an, Luoyang, Wenzhou and other places have thoroughly implemented the central and provincial decisions and arrangements, adhere to the principle of stability, seek progress while maintaining stability, vigorously promote innovation and deepening, and go all out to fight for economy, steady growth and strong driving force. In the first quarter, the economy has shown a steady recovery and a good trend, achieving a good start, and market expectations are constantly improving. Economic performance on the whole showed a steady recovery and gradual improvement.

PFEA111-20 3BSE050090R20 For example, Suzhou’s industrial production has been restored at a faster pace, the proportion of high-tech industries has increased, major projects have been supported strongly, and high-tech investment has accelerated. Ningbo’s industrial economy has stabilized and recovered, with leading growth of emerging industries. Xi ‘an industrial growth is fast, the equipment manufacturing industry leads the development, and Wenzhou industrial production picks up, emerging industries grow fast, and so on.

PFEA111-20 3BSE050090R20

PFEA111-20 3BSE050090R20

PFEA111-20 3BSE050090R20

PFEA111-20 3BSE050090R20

PFEA111-20 3BSE050090R20

Suzhou: The recovery of industrial production was accelerated, and the proportion of high-tech industries increased

PFEA111-20 3BSE050090R20 Since the beginning of this year, Suzhou has thoroughly implemented the policies and arrangements of the central government and the provincial government, adhered to the principle of stability, sought progress while maintaining stability, promptly implemented the 42 guidelines of promoting the overall improvement of economic operation first, highlighted the work of stabilizing growth, employment and prices, and made every effort to promote economic stabilization and recovery. In the first quarter, the city’s industrial production accelerated recovery, investment in key areas increased rapidly, living consumption was strongly driven, and market expectations were constantly improved. The overall economic operation showed a steady recovery and gradually improved development trend.

In the first quarter, industrial investment grew by 12.9 percent year on year, 3.3 percentage points higher than that in the fourth quarter of last year. Investment in industrial technological transformation grew by 15.5 percent, contributing 52.2 percent to the growth of industrial investment. Infrastructure investment increased by 39.5 percent year on year, driven by major projects such as transportation and telecommunications. The investment structure was continuously improved, with investment in high-tech industries accounting for 14.8 percent of investment in fixed assets, 1.7 percentage points higher than the same period last year.

PFEA111-20 3BSE050090R20 Key industries provided strong support. In the first quarter, the output value of the equipment manufacturing industry reached 31.73 billion yuan, up 1.2% year on year and 5.6 percentage points higher than the growth rate of industries above designated size. The output of equipment manufacturing accounted for 32.1 percent of industrial output above designated size, up 0.5 percentage points over the whole of last year. In March, the output of instrument and instrument manufacturing, special equipment manufacturing, automobile manufacturing, electrical machinery and equipment manufacturing all registered double-digit growth of 18.3%, 11.8%, 10.3% and 10.0%, respectively.

Innovation driving force highlights economic resilience. Advanced manufacturing contributes to high-quality industrial development. In the first quarter, the output of high-tech industries accounted for 53.4% of industrial output above designated size, 1.0 percentage point higher than that of the whole of last year. In the first quarter, the output of photovoltaic cells, smart phones, optical fiber and other high-tech products increased by 48.9 percent, 57.3 percent and 9.9 percent, respectively.