Ningbo prioritizes development of 12 pillar industries

Updated:  March 18, 2020 L M S

Ningbo in East China's Zhejiang province has been striving to build itself into a national demonstration zone for the development of the manufacturing industry.

The city aims to construct 12 industrial clusters with specific development goals.

The city aims to increase the output value of the green petrochemical and automotive industries to 1 trillion yuan ($144.9 billion), and the output value of the high-end equipment, new materials, electronic information, software and emerging services industries to 500 billion yuan.

It also aims to increase the output of key basic components, smart home appliances, fashion textiles and clothing, biomedicine, stationery and sports supplies, and products related to energy conservation and environmental protection to 100 billion yuan.

By 2025, the city hopes to develop a world-class automotive industrial cluster with Geely and Volkswagen at the forefront.

By that time, the city aims to boost the output value of the automotive industry in Hangzhou bay new area to more than 100 billion yuan, accounting for 20 percent of the total in Zhejiang.

Statistics show that the city's aforementioned 12 industrial clusters achieved an industrial added value of 317.07 billion yuan last year, up 7.3 percent year-on-year, 0.9 percentage points higher than the growth rate of the industrial added value above the designated size.

The city's strong manufacturing capability fuels the city's robust growth in foreign trade.

In 2019, industrial enterprises above designated size exported commodities worth 329.32 billion yuan in total to 225 countries and regions around the world.

A total of 39 manufacturing enterprises based in Ningbo are playing a dominant role in their respective sectors worldwide, ranking first in China.