East China’s Jiangsu province posted 9.5% year-on-year growth in the output value of the high-tech industry in the first half of this year, latest statistics show.
In the first half of the year, Jiangsu maintained stable development in high-tech industries against the adversities of the impact of the covid-19 epidemic, showing a V-shaped inversion growth trend.
In April, May, and June, Jiangsu reported high-tech growth of -5.8%, 9.3%, and 12.4%, respectively.
From January to June, Jiangsu registered a 9.5% year-on-year increase in the output value of high-tech industries, accounting for 48.8% of the output value of industrial enterprises above designated size.
This increase was 0.4 and 1.3 percentage points higher than the first quarter and the end of last year respectively, which has strongly supported the steady growth of the province's industrial economy.
NARI Group has intensified its innovation since the beginning of this year with the development of new technologies and new products.
The internationally leading technology and equipment produced by NARI have played an important role in the Baihetan-Jiangsu ±800kV UHVDC project.
Relying on academicians and other high-end talent teams to plan and carry out basic forward-looking technology research, in the first half of the year alone, NARI has been approved for 3 key frontier projects in Jiangsu, 40 provincial and ministerial level scientific and technological awards and 176 authorized invention patents.
In the first half of the year, Jiangsu recorded a year-on-year increase of 13.2% in the output value of high-tech industries of domestic enterprises, 9.9 percentage points higher than that of foreign-funded enterprises, accounting for 64.7% of the output value of high-tech industries in the province.
Domestic-funded enterprises in new energy, new materials, instrumentation, intelligent manufacturing, pharmaceutical manufacturing, and aerospace account for more than 50% of the entire industry, highlighting the substantial increase in the endogenous resilience of the province's high-tech industries.
The continuous increase in investment has also provided sufficient momentum for the development of high-tech industries. Nantong has introduced market capital, established industrial investment and technological innovation development funds with a total scale of over 20 billion yuan, and cultivated a large number of high-growth enterprises in the fields of new-generation information technology, high-end equipment, and new materials.
The province also witnessed booming production and sales of the new energy industry and the physical manufacturing. Thanks to the rapid development of new energy vehicles, jiangsu reported 43.7% year-on-year growth in the output value of the new energy industry in the first half of the year, and continued to maintain strong growth from the high base of 40% growth last year.
The output value of electronic special materials, integrated circuits, special equipment for semiconductor devices, and intelligent vehicle equipment industries increased by 60%, 28%, 23%, and 12%.