East China's Jiangsu province reported a year-on-year growth of 4.5% in the output value of industries above designated size by ensuring the stability of the supply chain and industrial chain and helping enterprises to research new products and expand the market so that the rapid development of high-tech manufacturing industry has promoted the continuous recovery and accelerated growth of Jiangsu's industry in the first three quarters.
The latest industrial operation analysis of the Provincial Department of Industry and Information Technology shows that the added value of industries above designated size in Jiangsu increased by 6.1%, 6.3%, 9.9% and 10.5% respectively in June, July, August and September, showing a significant momentum of accelerated recovery.
The year-on-year growth from January to September reached 4.5%, about 0.9 percentage points higher than that from January to August, and 2.4 percentage points higher than that in the first half of the year.
The industrial power consumption data, known as the barometer of industrial economy, also confirmed this growth momentum. The province's industrial power consumption in the first three quarters increased by 1.1% year on year.
More than 60% of industries achieved growth. The equipment manufacturing industry showed outstanding performance, with a year-on-year growth of 7.5% in the first three quarters, due to the strong support of the electrical and automotive industries. Thirteen prefecture level cities reported a rebound in industrial production.
Zhang Xing, Deputy Director of Provincial Department of Industry and Information Technology, said in an interview that they have optimized policy supply and issued a series of policies to promote investment in high-tech technological transformation. Meanwhile they have optimized the supply factors in terms of land and capital, and given priority to technological transformation and major industrial investment projects. At the same time, they have strengthened the overall planning of services by opening up a green channel so as to give full play to the role of manufacturing as the pillar in the economy.
Liyang Kehua Holding Co., Ltd. is rolling off the intelligent production line the "KH5 heat-resistant steel turbine casing", a product that is 5% lighter than the common D5S high nickel material with its high temperature strength performance improved by 3 times to 900 degrees, making it an excellent supplier of international famous automobile brands.
Liyang Bureau of Industry and Information Technology helped the enterprise to apply for 157 million yuan of R&D equipment tax credit, the funds for the application of the first set of major equipment and the industrialization of scientific research achievements, helping the enterprise to rapidly expand production. As a result, the enterprise ranks first in China and third in the world in terms of market shares, breaking China's reliance on imported high-end automobile turbine parts.
At Jiangsu New Era Shipyard on the bank of Jingjiang Section of the Yangtze River, two 210000-ton dual fuel powered bulk carriers were seen slowly sailing out of Dock No. 3 for test voyage.
Stefanos Psomopoulos, Senior Surveyor of American Bureau of Shipping told the reporter that this series of dual fuel power ships is equipped with two LNG fuel tanks, each with a volume of 3150 cubic meters. Compared with traditional bulk carriers, it can meet the requirements of updated regulations and reduce carbon emissions. As far as he's concerned, half of the green power ships newly built in the world this year are from China.
New Era Shipbuilding is fulfilling orders for the manufacturing of 83 ships with more than half belonging to dual fuel powered ships.
In the first three quarters, Jingjiang scheduled the shipbuilding production plan to 2026 and half of the ships have high technology and high added value, helping Jiangsu to become a "shipbuilding powerhouse". In the first three quarters, the output value of the city's high-tech industries accounted for 48.9% of the province's industries above designated size, up 0.9 percentage points from the same period last year.
The province also reported different levels of growth in high-tech manufacturing industry and high-tech service industry, indicating that Jiangsu's industry has achieved steady growth against the adversities of an unprecedented severe environment, while the industrial structure has been optimized and upgraded.
