Pudong reports economic boom in Aug
The gross output value of industries above designated size in Shanghai's Pudong New Area reached 135.9 billion yuan ($19 billion) in August, hitting a new record, according to official statistics.
During the January to August period, the gross output value of industries above designated size in Pudong exceeded 807 billion yuan, a year-on-year increase of 3.2 percent, which is 6.2 percentage points higher than Shanghai's average, and is the first area in Shanghai to achieve positive growth.
The output value of Pudong's automobile manufacturing industry increased by 40.2 percent year-on-year to 42 billion yuan in August.
The electronic information manufacturing industry in the area maintained sustainable growth, which reported a total output value of 161.7 billion yuan during the January to August period, an increase of 22.2 percent year-on-year. A total of 25 electronic information manufacturing enterprises ranked among the top 100 industrial enterprises in Pudong, generating a total output value of 136.2 billion yuan during the period, up 30.7 percent year-on-year.
Pudong's three leading industries - integrated circuits, biomedicine and artificial intelligence - reported a total output value of 19.3 billion yuan in August, up 37.6 percent year-on-year.
Strategic emerging industries took the lead in promoting Pudong's industrial development by generating a total output value of 397.3 billion yuan, which accounted for 37.8 percent of Shanghai's total amount.