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Industrial Production Continues to Rise in the First 3 Quarters
Date:2021-11-17 14:50:44 Source:Wenzhou·China Fonts:[ Large Medium Small ]

Despite the complex and severe external environment, Wenzhou’s economy continued to recover steadily. In the first three quarters of this year, the industrial value added in Wenzhou grew by 15.6% year on year, contributing 49.9% to economic growth and driving GDP growth by 5.1 percentage points; the value added of the manufacturing sector accounted for 32.3% of GDP, an increase of 1.7 percentage points over the previous year.

For Wenzhou, the 14th “Five-Year Plan” period is a period of accelerated transformation of kinetic energy, a window period for the construction of a new development pattern, a critical period for the leap in urban capacity, a period of deepening the integration of reform systems and of iteration of modern governance in the city. With a clear vision of its positioning and closely following the strategic deployment of ushering in “ten new situations”, Wenzhou pioneers and implements measures to coordinate the normalized epidemic prevention and control and economic and social development this year. Its economy has generally maintained stable growth, with industrial production continuing to grow, the proportion of manufacturing industries increasing, and key industries leading the way.

Specifically, in the first three quarters, Wenzhou’s industrial added value above designated size was 94.87 billion yuan, up 16.1% year on year; the two-year average growth rate was 7.9%, 0.3 percentage points higher than the growth rate in the same period in 2019, exceeding the pre-epidemic level. The industrial added value below designated size grew by 17% year on year, ranking 2nd in the province in terms of growth rate.

Among the 33 industry categories, 32 industries, or 97% of the industries, achieved positive growth in value added, of which 16 industries grew by more than 20%, and 15 industries achieved double-digit growth on average in two years. The added value of five traditional industries increased by 15.6% year on year, and that of five strategic emerging industries by 16.5% year on year, with the added value of auto parts, new materials and intelligent equipment industry growing by 24.3%, 21% and 18.6% year on year respectively, giving a strong boost to Wenzhou’s industrial economy. The combination of production departments and sales organization functions efficiently. In the first three quarters, the city’s industries above designated size achieved sales output of 459.55 billion yuan, an increase of 25.5% year on year, and their production and sales rate reached 96.5%, an increase of 1.1 percentage points over the first half of the year.

In the background of the shortage of export containers, Wenzhou’s industrial exports in the first three quarters gradually rebounded, with the cumulative growth from January to September reaching 19.5%. In September, the value of export deliveries of industries above designated size grew by 13.8% year on year, up by 2.2 percentage points compared with August, l.2 percentage points higher than the growth rate of domestic sales output. For two consecutive months, the export growth rate has outperformed the growth rate of domestic sales. It is also worth mentioning that in September, the industrial export delivery value of the footwear industry in Wenzhou increased by 30.6% year on year, l6.8 percentage points higher than the growth rate of Wenzhou’s industrial export delivery value, 18.7 percentage points higher than the provincial growth rate of footwear industry.

Big investment is the only way to yield massive output and leapfrog development. Wenzhouese enterprises have always insisted on investing in R&D and technological reform as the hard-core driving force for transformation and development. Statistics show that from January to September, the R&D expenditure of industries above designated size in Wenzhou totaled 13.584 billion yuan, completing 78% of the city’s target, an increase of 33.4% year on year. The R&D growth rate was 9 percentage points higher than the growth rate of revenue, and the R&D intensity was 3.12%, ranking 1st in the province. In terms of investment in technological reform, Wenzhou added 1,095 intelligent technological reform projects from January to September, achieving an investment of 28.583 billion yuan in technological reform, an increase of 28.4% year on year, 9.4 percentage points higher than the provincial average, ranking third in the province. At the same time, 62 projects were selected in the province’s “Five Batches” key technical transformation demonstration projects.

Right now, the lack of chips in industry, lack of labor in enterprises and lack of containers in export are still the universal and regular problems plaguing enterprises. Next, Wenzhou will balance the relationship between electricity and enterprise production against the backdrop of dual control of total energy consumption and intensity to ensure smooth production of enterprises. Efforts will be made to increase kinetic energy and accelerate the implementation of a new round of conversion from old kinetic energy to new one in manufacturing industry. Wenzhou will also promote intelligent technological reform in the electrical, shoe&leather, automobile and motorcycle parts industries, vigorously develop green new energy industries and speed up the elimination of high-consumption and inefficient enterprises. Focusing on eight types of enterprises, it will continue to deepen the “Twenty Thousand” Action to help enterprises, aiming to alleviate the burden of enterprises by 30 billion yuan for the whole year, and safeguard and stimulate the vitality of market players to the maximum.

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