Nantong's industrial economy reports stable growth

Nantong's industrial economy has maintained stable growth over the first eight months of this year, according to the city's industry and information technology bureau.

Statistics show that the added value among industries above the designated size-those with an annual revenue of 20 billion yuan ($2.81 billion) or more-grew 7.3 percent year-on-year from January to August, 1.4 percentage points higher than the provincial average.

The city made 717.77 billion yuan in dutiable industrial sales, representing a year-on-year increase of 11.7 percent, 7.6 percentage points higher than the provincial average. The growth rate was the second highest in Jiangsu province.

Over the same period, industrial power consumption rose 2.3 percent, 2.7 percentage points higher than the provincial average, to 20.36 billion kw/h.

Among companies above the designated size, high-tech industries accounted for 48.1 percent of the city's total output value, while six emerging manufacturing industries, including new energy and ocean engineering, accounted for 36.1 percent.

Officials said the steady performance was due to accelerating industrial transformation and upgrading and local government efforts to promote the high-quality development of the manufacturing industry.

In the future, additional measures will be taken to improve the business environment and services for companies.