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Jingzhou ranks 6th in Hubei in terms of year-on-year growth of added value of industrial enterprises above designated size from January to February
Updated: 2021-04-01 15:00:24

According to a source with the Jingzhou Municipal Bureau of Statistics, in the first two months of 2021, Jingzhou has coordinated epidemic control with economic and social development, achieved initial results in industry-based urban rejuvenation and ranked 6th in Hubei Province in terms of the year-on-year growth of added value of industrial enterprises above the designated size, moving up 8 places from the same period of last year.

Since the second half of 2020, Jingzhou has seen the restoration of its industry, investment and consumption, the fast growth of the added value of industrial enterprises above the designated size, the constant optimization of its investment structure and the strong growth of its online retail market.

Industrial production continued to recover. The total added value of Jingzhou's industrial enterprises above the designated size restored to 89.7 percent of that in the same period of 2019. Concretely, Jingzhou's 1,106 industrial enterprises above the designated size achieved output value growth from January to February, accounting for 89.6 percent. 20 out of 36 industries saw year-on-year growth compared to 2019. Among these industries, papermaking and paper products, pharmaceuticals, automotive manufacturing, electric machinery and equipment manufacturing grew faster than industries above the designated size. The development advantage of high-tech industries and the export-oriented market was more prominent. In the first two months, the year-on-year growth of the added value of high-tech industries was 157.2 percent faster than that of industries above the designated size, and the export delivery value was up 276.1 percent year on year.

Fixed assets investment recovered steadily. From January to February, Jingzhou's fixed assets investment grew by 253.3 percent and its completed investment restored to 74.2 percent of that in 2019. Jingzhou's investment structure was further optimized, with its industrial investment and investment in industrial technology renovation ranking 8th and 6th respectively in Hubei in terms of growth. The industrial investment and the investment in industrial technology renovation accounted for 35.8 percent and 31.9 percent respectively, edging up year on year; the infrastructural investment accounted for 17.1 percent of the total investment, up 2.3 percent year on year.

Online retail consumption grew rapidly. From January to February, Jingzhou's retail sales of consumer goods stood at 24.035 billion yuan, accounting for 90.0 percent of those in the same period of 2019. Jingzhou's enterprises above the designated limit achieved retail sales of 5.052 billion yuan, up 76.0 percent year on year; Jingzhou's enterprises above the designated limit achieved online retail sales of 116 million yuan, up 110.6 percent year on year and up 68.9 percent from the same period of 2019.


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