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Industrial Output Growth of Jingzhou City Increased by 2.8 Percent in July, Exceeding the Provincial Average
Updated: 2020-09-02 15:18:40

Jingzhou has been gaining speed in thepost-epidemic economic recovery. On September 1st, reporters learned from the Municipal Bureau of Economy and Information Technology that in July, the city'sindustrial output growth increased by 2.8 percent, which was 0.6 percentage points higher than the provincial average, and its export increased for two consecutive months. The economic performance of the city's industries has been improving steadily.

From January to July, the total output value of the city's industrial companies with annual revenue of more than 20 million yuan reached 93.792 billion yuan, a year-on-year decrease of 23.3 percent; compared with the same period last year, the output growth of these industrial companies decreased by 22.7 percent, which was 3.6 percentage points lower than that from January to June. In July, the output growth of these industrial companies increased by 2.8 percent, 0.6 percentage points higherthan the provincial average; the total cumulative sales-output ratio of their industrial products was 95.81 percent, 1 percentage point higher than the provincial average; and their industrial taxes reached 697 million yuan, ayear-on-year increase of 80.4 percent.

In July, the investment in industrial technological upgrading of Jingzhou was 24 percent higher than the provincial average, ranking first in the province. Statistics show that the Jingzhou Development Zone spent 2.039 billion yuan on technological upgrading, making this region the largest investor of the city in this regard. From January to July,the Jingzhou Development Zone adopted a series of supporting measures, such as technical upgrading policies and the closure, reformation, relocation, and transformation of enterprises, so as to lower the barrier of technical upgrading. During this period of time, it succeeded in helping 35 enterprises achieve their transformation and upgrading.

There was a significant increase in industrial loans. In July, the city's industrial loans reached 24.115 billionyuan, an increase of 2.636 billion yuan from the beginning of the year, of which the loans of the manufacturing industry increased by 2.859 billion yuan.The financial assistance to industrial enterprises, which aimed to help them resume work and production, has shown remarkable results.

Exports further increased, and the number of export enterprises also increased in number.In July, the city's exports reached 144 million USD, a year-on-year increase of 25.1 percent. As of now, there are 207 export enterprises in the city, 76 of which have achieved export growth, and of the 76, 32 were newly founded this year. Compared with the time period from January to June, the total number of export enterprises and the number of export growth enterprises have increasedby eight and three respectively.

The export performance of the cities'key enterprises improved. In the first half of the year, the number of enterprises in the city that exported over 5 million USD was 34, an increase ofnine. Exports of the city reached 613 million USD, up 11.6 percent on a yearly basis, and have achieved growth for two consecutive months. There was a significant increase in the export volume of manufacturers of protective clothing and equipment such as Hubei Medlink and Jingzhou Haixing, while the exports of key enterprises such as Sanonda, W-Olf Photoelectric, Feilihua, and Valeo continued to increase. The city also saw a narrowing decrease rate in the exports of chemical enterprises such as Shine Star, Nenter, Chuyuan, and Reckitt Benckiser.


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