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Propelling regional economy through five significant leaps
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The first leap centers on expanding both scale and prowess. In the first half of this year, Jiading’s economic value added was 124.83 billion yuan (US$17.14 billion), marking an increase of 9 percent. The general public budget revenue reached 14.42 billion yuan, a rise of 26 percent. The total output value of industries classified as above the designated size amounted to 200.16 billion yuan, representing an 11 percent upswing. The district’s total retail sales hit 79.52 billion yuan, marking a rise of 14 percent. Investment in fixed assets totaled 25.94 billion yuan, up 39 percent year on year.
The second leap is directed at propelling industrial development into new dimensions. On the “new four modernizations” of the auto industry (electrification, the Internet of Things, intellectualization and sharing), the district has more than 600 automotive enterprises that fit the categories, with total output exceeding 160 billion yuan in 2022, doubling in just two years.
The district has assumed a pioneering role in representing Shanghai in the national pilot project for smart city infrastructure and intelligent connected vehicles, and spearheaded the full-scale opening of test roads. It is actively establishing a leading high-performance medical equipment manufacturing hub in China, with prominent players including United Imaging, Sanyou Medical, and Kindly Group.
Besides, the district is crafting an integral “north wing” to the city’s integrated circuit framework, bolstering the platform capabilities of the National Smart Sensor Innovation Center and establishing a critical integrated circuit production line that encompasses pilot testing, research and development, and mass production.
As for the online new economy, its output in the district reached 311.92 billion yuan in 2022, and e-commerce retail sales amounted to 101.74 billion yuan, accounting for 30 percent of the city’s total.
The third leap involves achieving a new pinnacle in terms of quality and efficiency. In the first half of this year, the district witnessed the establishment of 27,000 new businesses, marking an increase of 79 percent. Additionally, 167 projects each valued at 100 million yuan or more were introduced into the district, a rise of 70.4 percent, and 11 new private enterprise headquarters were added. Moreover, main business revenue of industrial enterprises above the designated size rose 19.6 percent to 180.26 billion yuan, whilst total profit of the top 100 enterprises surged 121 percent to 6.51 billion yuan.
The fourth leap centers on leveraging innovation to drive new progress. Jiading has been exploring collaborative innovation models, wherein the industrial innovation alliance plays a central role, while extending the reach and influence of the Scientific Technology Fair for the Yangtze River Delta Region. At the same time, it has expedited the construction of two 100-billion-yuan science and technology parks. By the end of 2022, the district had 70 Little Giant enterprises specializing in niche sectors and 2,453 high-tech enterprises, ranking second and third, respectively, within the city.
The fifth leap centers on enhancing the business environment. Since 2022, Jiading has initiated a series of district-level growth-stabilizing policies, along with a comprehensive package of support measures. Moreover, it has fully implemented tax and fee reductions, which totaled nearly 20 billion yuan. The district has also released plans to optimize its business environment, with 28 district-level reform initiatives being added.
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