Since the beginning of this year, Jiangsu has recorded a stable recovery of the industrial production, with a rapid rebound in growth rate and a positive growth in sales revenue, further demonstrating the comprehensive recovery of the industrial economy.

In May, Jiangsu recorded a year-on-year increase of 9.6% in the added value of industries above designated size with a cumulative increase of 8.8% from January to May, according to the latest analysis of industrial economic operation by the Provincial Department of Industry and Information Technology.

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The province recorded a year-on-year increase of 10.5% in industrial use of electricity. In May, the 13 prefecture-level cities in the province recorded growth of industrial added value above designated size with Lianyungang, Nantong, Wuxi, Huai"an, Taizhou, Changzhou, and Zhenjiang posting a year-on-year growth of more than 10%.

The output value of 2169 sample enterprises in the province recorded a year-on-year increase of 6% in May.

Jiangsu Zhengchang Grain Machinery Co., Ltd. has delivered and started to operate its grain storage and processing plants in Kazakhstan and Kyrgyzstan, the key projects of the "the Belt and Road" Initiative. Since the beginning of this year, Zhengchang has recorded an overseas market growth of over 40% year on year.

“We have launched the R&D of 20-30 products every year, in addition to investing a huge amount of energy in the R&D of new products. So far, Zhengchang has produced over 500 types of main machines in the grain, oil, and feed machinery industry, and new products accounts for over 20% of the annual total”, Hao Bo, Chairman of Jiangsu Zhengchang Grain Machinery Co., Ltd., said.

Since the beginning of this year, the province’s traditional industries such as machinery, electronics, and light industry have maintained strong domestic and international competitiveness. In the meantime, Jiangsu has continued to promote the development of strategic emerging industries by deepening its efforts to promote new industrialization and accelerating the construction of the "1650" industrial system.

Nanjing, Wuxi, Changzhou, Suzhou, Lianyungang, and Taizhou have given full play to their unique industrial advantages to accelerate the construction of innovative biopharmaceutical industry highlands and promote innovative leading enterprises. In Wuxi, the biopharmaceutical industry has become the fastest growing and most promising emerging industry.

“By relying on AstraZeneca"s leading advantages and resource platform in the global biomedical industry, our park has built an incubation and innovation platform integrating research and development, innovation, and achievement transformation. In three years, more than 80 life science innovation enterprises at home and abroad have been attracted to settle in, some of which have grown into unicorn enterprises”, Li Junjie, Deputy General Manager of Wuxi International Life Science Innovation Park, said.

The leading enterprises of 16 emerging industry clusters and 50 key industry chains in Jiangsu have joined hands with a large number of small and medium-sized enterprises to focus on cohesive development,

Ten clusters, including new power equipment, construction machinery, and the Internet of Things, have joined the national advanced manufacturing industry cluster, ranking first in terms of quantity in the country. Emerging industries have contributed about 70% of the total manufacturing industry in the province, supporting the continuous high-quality development of the province’s manufacturing industry.

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