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A Strong Rebound in Industry in the 1st Quarter

A Strong Rebound in Industry in the 1st Quarter

Write: Theano [2011-05-20]

A Strong Rebound in Industry in the 1st Quarter

A satisfying result was achieved in industrial economy in Jiaxing in the first quarter of 2010. The total output value of industrial enterprises over the designated size reached 97.35 billion yuan, an increase of 41.6% compared with the same period of last year. Their added value rose by 27% and their export delivery value 26.4%. According to one of the major officials of Jiaxing Economic and Trade Commission, there are a general upward tendency and a good beginning of industrial economy in Jiaxing in the first quarter.

The great increase in output value of the 10 leading industries: textile, garment, leather, paper-making, chemical, chemical fiber, building material, general equipment, electrical machinery and electronic communication, characterizes industrial production in the 1st quarter. Except for garment and building material industries whose output value rose by 16% and 27% respectively, the output value of the other 8 leading industries rose by more than 30%. Noticeably, that of electrical machinery industry rose by 77%, ranking the first.

In the first two months, the profits and tax of the industrial enterprises over the designated size amounted to 4.754 billion yuan, a growth of 86.7% over the same period of last year, out of which the profits accounted for 2.986 billion yuan, up 216.6%. It is reported that 90% of the 33 industries in Jiaxing showed gains in profits.