Ningbo's industrial output surpasses 1t yuan in H1

chinadaily.com.cn| Updated:  July 29, 2021 L M S

The industrial output value of enterprises above designated size in Ningbo amounted to 1.04 trillion yuan ($160 billion) from January to June, up 29.6 percent year-on-year, official data showed.

It is the first time for the city to see its industrial output value exceed 1 trillion yuan in the first half of the year.

The city's industrial added value also increased 20.1 percent to 228.15 billion yuan, ranking fourth among the top 10 cities nationwide in that regard.

The combined profits of its above-designated-size enterprises amounted to 91.62 billion yuan over the six-month period, an increase of 80.1 percent year-on-year.

Beilun district achieved an industrial added value of 34.45 billion yuan, ranking first in Ningbo, while Ningbo High-tech District and the county-level cities of Cixi and Yuyao all registered an over 30-percent growth.

In the first half of this year, the city's industrial investment was valued at 50.74 billion yuan, an uptick of 35 percent, 9.1 percent higher than the provincial average.

A large number of investment projects were put into operation over the period.

Among them was the factory funded by civil electric brand Bull Group in Cixi.

With an investment of 1.2 billion yuan, the factory has a designed annual capacity of 410 million switch sockets, valued at 3.6 billion yuan.

The factory invested in by Ningbo Riyue Foundry Co Ltd in Xiangshan county also completed construction and is expected to generate 1.9 billion yuan in annual output value.

Sectors including raw materials, key basic parts, high-end equipment, and electronic information in the city all saw a more than 30-percent growth in added value over this period.