Zhoushan sees robust industrial economy in H1

Zhoushan in East China's Zhejiang province held a news conference on July 31 to outline its achievements in industrial economy in the first half of this year.

According to the conference, the city's output value of large-scale industries over the period amounted to 189.97 billion yuan ($26.51 billion), a year-on-year increase of 9.9 percent.

The added value of large-scale industries rose by 15.2 percent, the highest in the province for 16 months in a row. Petrochemicals, ship repair and seafood processing were the most significant contributors to the growth.

Attracting major projects was also a key factor to the growth, with 27.21 billion yuan in industrial investment and 5.59 billion yuan in technical investment completed from January to June.

Authorities have also implemented other measures, including releasing an action plan to advance digital economy, establishing research institutes, and fostering advanced manufacturing industrial clusters, to bolster its industrial economy.

The city became home to 36 new high-tech small and medium-sized enterprises, 14 provincial little giants and 2 national little giants over the same period.

In addition, the local government rolled out favorable policies to ease the burden on enterprises and improve production efficiency.