Industrial Sector Takes the Lead in the Growth of Economy in Jiaxing

The total output value, sales value and export delivery value of industrial enterprises above the designated size reached 221.694 billion yuan, 216.033 billion yuan and 52.719 billion yuan, a year-on-year increase of 38.6%, 39.2% and 30.6% respectively in the first half of this year in Jiaxing. The growth rate of these three indexes is in top rank in Zhejiang province.

Under the influences of debt crisis in Europe, the rise of labor costs, and the higher demand of energy conservation and emission reduction, the majority of the enterprises show their strong anti-crisis capability and their ability to adapt to the markets. Therefore, the industrial economy has continued its steady recovery since the second half of last year and its recovery has been enhanced. It leads all the other economic sectors in the growth. This, according to Zhu Wei, the director of Jiaxing Economic and Trade Commission, is the most obvious change of economy in Jiaxing.

This largely results from the steady rise of traditional industries. Owing to the rise of factory-gate price, the output value of chemical fiber industry rose by 67% in the first five months. The percentage of its production to sales reaches 100.11%. Its profit increases by 1.12 times year-on-year. The output value of chemical industry in its gradual recovery rose 60% year-on-year in the first five months and its profit rises by 1.88 times. More encouraging is that the profit of textile, garments and leather industries increases by174%, 73% and 447% year-on-year respectively.