Economic performance leads the way
Print Edition
Jiading led Shanghai’s suburban districts in terms of economic indexes in 2013, including general financial revenue, total industrial output value above scale and local financial revenue.
The achievements are said to be due to the steady development of secondary industries and the catching-up of the tertiary service industries. Growth of the service industry contributed more than 70 percent of the local financial revenue increase, becoming the engine of the economic development last year.
For 2013, Jiading is expected to see total industrial output value of 469 billion yuan (US$77.3 billion), a 10 percent rise year on year.
Advanced manufacturing industry contributed a major part of the rise. Delphi Packard moved the global headquarters of its business division to Jiading, and last year the company had sales revenue of 8.1 billion yuan, continuing double-digital growth for several years.
There were more than 60 companies with output value of over 1 billion yuan in Jiading last year, and their total output value reached over 150 billion yuan. Most of the advanced manufacturing companies are in automobile industry, a traditional pillar industry in the district. The fast growth of automobile manufacturing and sales contributed to growth of 7 percentage points in local financial revenue and nearly 40 percent of the local financial income increase.
From January to November last year the profits of industrial companies reached 19.96 billion yuan, up 12.7 percent over 2012.
Last year, 13 service institutions were confirmed as venture capital incubators, and there were 242 high and new tech enterprises in the district with total industrial revenue of 124 billion yuan.
The total financial income of Jiading reached nearly 66 billion yuan last year, 15.1 percent up from 2012. And local fiscal income exceeded 14.5 billion yuan, jumping 19.6 percent.
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