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Jinqiao’s industries show a steady growth

chinadaily.com.cn Updated:2017-11-27

Industries in Jinqiao Economic and Technological Development Zone have shown a steady growth and statistics show that the whole whole industry will realize an increase by 25 percent annually and the productive service industries will keep growing by 10 percent annually, according to a news report released on Nov 23.

This year, the gross revenue of the first three quarters of key industries in Jinqiao has reached 491.713 billion yuan ($74.74 billion) an increase of 11.6 percent compared to the same period last year.

Also the industries of mobile videos, intelligent devices, domestic appliances, biological medicine and food have been developing rapidly. For example, the mobile video industry has made great breakthroughs in several areas, such as manga, reading, and live broadcasting. And the intelligent device industry has gained remarkable developments thanks to the recovery of mining industry and infrastructures.

Compared with the statistics of the first three quarters of last year, this year the gross revenue of manufacturing industry has risen to 167.661 billion yuan ($25.484 billion), showing an increase by 28.3 percent. The sales figure has amounted to 168.627 billion yuan ($25.631 billion), realizing an increase of 28.1 percent and the sales-input ratio has reached 100.6 percent, representing an increase by 0.6 percent.

For the productive service industry, in juxtaposition with the sum revenue of last year's first three quarters, the revenue of productive service industry has risen to 258.192 billion yuan ($39.245 billion), an increase of 13 percent; the revenue of wholesale service industry has reached 231.804 billion yuan ($35.234 billion), an increase of 13.7 percent.; the revenue of business service industry has attained 10.203 billion yuan ($1.551 billion), an increase of 25 percent.

However, ICT industry (Information and Communication Technology) has gained revenue of 37.037 billion yuan ($5.63 billion), which means it has only increased by a margin of 0.1 percent. One of the staff explained that the development slowed down primarily due to the two companies being fully equipped with developing 5G technologies.