Car industry keeps economy on right road
Print Edition
INDUSTRIAL added value in Jiading rose 9.8 percent year-on-year in the first half of this year to 80 billion yuan (US$13.11 billion).
The automobile industry is the pillar economy in Jiading, and a number of new ventures settled in the district during this time have helped boost the industry.
The output value of Shanghai Volkswagen Powertrain Co Ltd exceeded 5 billion yuan. It is expected to exceed 10 billion yuan by the end of the year, and become the second enterprise in Jiading to surpass the output value of 10 billion yuan after Shanghai Volkswagen.
Car dealers also saw business increase. The 21 car 4S dealers recorded combined sales of 3.8 billion yuan — 7.5 percent higher than the same period last year.
Other industries also handed in satisfactory reports — especially equipment manufacturing and electronics industries. Philips Electronics and Jintai Engineering reported 30 percent leaps in output value during this period.
Shut down or renovated
Meanwhile, Jiading continues to place great emphasis in environmental protection. In the first half of the year, 67 coal and heavy oil-fueled boilers and kilns were shut down or renovated. And the energy consumption for every 10,000 yuan output value has been reduced to 0.051 tons of standard coal.
E-commerce is another sector recording impressive figures. From January to June, the volume of business transactions exceeded 45 billion yuan.
During a June 18 birthday promotion by JD.com — China’s largest online direct sales company — sales of household appliances exceeded 10 million yuan a minute.
The district’s top 10 shopping malls achieved sales revenue of 1.38 billion yuan in the first six months, a year-on-year jump of 26.5 percent.
However, the government’s frugality campaign, which is targeting extravagant entertaining by officials and departments, resulted in a 7 percent fall in sales volume for the hotel and catering business during the first half of the year.
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