Xi'an reaps rewards from strong manufacturing development
en.xa.gov.cn     Updated: 2020-10-19

Since the start of the year, in the face of the complicated domestic and international situation, Xi'an, capital of Northwest China's Shaanxi province, has sped up its development as an advanced manufacturing city.

It has done so while still managing to coordinate the normalization of novel coronavirus epidemic prevention and control measures and its economic and social progress.

In the first eight months of the year, the total output value of Xi'an's advanced manufacturing industry reported a year-on-year increase of 23.9 percent.

This in turn drove an increase in the added value of industries above a designated size by 6.8 percent, ranking Xi'an first among nine national central cities.

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Employees fine-tune equipment at a workshop in Xi'an. [Photo/Xi'an municipal government's WeChat public account]

During the period, the growth rate of industrial investment was 28.7 percent, ranking Xi'an first among 15 sub-provincial cities.

The city's industrial added value above a designated size increased by 6.8 percent, which was 6.4 and 6 percentage points higher than the national and provincial levels, respectively.

In particular, the output value of the electronic information manufacturing and automobile industries increased by 46.7 percent and 52.9 percent respectively year-on-year, playing a significant role in stimulating the city's industrial growth.

In the first half of the year, the city's high-tech industries recorded output value of 91.31 billion yuan ($13.64 billion), a year-on-year increase of 23.9 percent, and the strategic emerging industries posted output value of 131.6 billion yuan, up 11 percent.

Driven by the rapid development of its manufacturing industry, the six major productive service industries involved in advanced manufacturing have developed rapidly this year.

The financial industry achieved an added value of 55.66 billion yuan, a year-on-year increase of 6.5 percent in the first half of the year, while the transportation, storage and postal industries achieved total operating income of 22.23 billion yuan.

From January to August, the total revenue of the software and information service industry hit 242.17 billion yuan, an increase of 0.57 percent.