Economic restructure leaps forward
By Staff Reporters |
October 31, 2011, Monday
|
Print Edition
Print Edition
JIADING District has taken a big step forward in restructuring its economy this year by introducing more service and high-technology companies and by eliminating outdated production capacity.
More than 160 cultural and information companies each with registered capital exceeding 1 million yuan (US$156,678) have settled in Jiading, and nearly half of China's largest 50 e-commerce companies have invested in the district since the beginning of this year, the district government said.
The government also helped Shanghai Feilo Accustics Co and Shanghai Yaoji Playing Card Co to get listed. Meanwhile, more than 160 companies with outdated production capacity have been removed to make room for the development of new industries.
In the first half of this year, management headquarters of FUCHS, Sapa and Sapientia Capital, and the investment arm of Volvo joined the other 28 headquarters of foreign companies already in the district.
To attract more headquarters, Jiading government has planned to set aside an area of 2 square kilometers along Metro Line 11. The area will be for the headquarters of listed companies, equity investment firms, financial institutions and famous domestic and foreign companies.
Headquarters of Eastmoney, Simgo Department Store and Feilo Accoustics have already settled, and a number of companies including China National Gold Group and Shanghai United Assets and Equity Exchange will soon move to the district.
In the first half of this year, the total revenue of Jiading's 130,000 cultural and information companies, including Eastmoney, Ufida Software and Huayi Brothers Media, jumped 46.5 percent from a year earlier to 25.5 billion yuan. The number of such companies nearly doubled from the same period last year.
During the first three quarters of the year, the added value of the service industry in Jiading increased 15.6 percent from a year earlier to 24.1 billion yuan. The growth rate is 7.6 percentage points higher than that of the industry sector.
More than 160 cultural and information companies each with registered capital exceeding 1 million yuan (US$156,678) have settled in Jiading, and nearly half of China's largest 50 e-commerce companies have invested in the district since the beginning of this year, the district government said.
The government also helped Shanghai Feilo Accustics Co and Shanghai Yaoji Playing Card Co to get listed. Meanwhile, more than 160 companies with outdated production capacity have been removed to make room for the development of new industries.
In the first half of this year, management headquarters of FUCHS, Sapa and Sapientia Capital, and the investment arm of Volvo joined the other 28 headquarters of foreign companies already in the district.
To attract more headquarters, Jiading government has planned to set aside an area of 2 square kilometers along Metro Line 11. The area will be for the headquarters of listed companies, equity investment firms, financial institutions and famous domestic and foreign companies.
Headquarters of Eastmoney, Simgo Department Store and Feilo Accoustics have already settled, and a number of companies including China National Gold Group and Shanghai United Assets and Equity Exchange will soon move to the district.
In the first half of this year, the total revenue of Jiading's 130,000 cultural and information companies, including Eastmoney, Ufida Software and Huayi Brothers Media, jumped 46.5 percent from a year earlier to 25.5 billion yuan. The number of such companies nearly doubled from the same period last year.
During the first three quarters of the year, the added value of the service industry in Jiading increased 15.6 percent from a year earlier to 24.1 billion yuan. The growth rate is 7.6 percentage points higher than that of the industry sector.
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