Pudong's industrial output up 8.3% in 2020

The industrial output of Pudong New Area in Shanghai maintained stable growth in 2020 despite the COVID-19 outbreak, local media outlets reported.

According to the latest statistics from the district's development and reform commission, the industrial output was valued at 1.04 trillion yuan ($159.37 billion) last year, up 8.3 percent over 2019.

Thirty of the district's 34 industrial sectors witnessed a recovery from the first quarter of 2020. The utilization rate of industrial production capacity had reached 80.1 percent by the end of the year, two percentage points higher than in the third quarter.

Statistics also show that the growth rates of Pudong's strategic emerging industries, such as new-generation information technology, new materials and new energy vehicles, were higher than the city's average in 2020.

The output of strategic emerging industries was valued at 503.60 billion yuan, up 17 percent year-on-year, 8.1 percentage points higher than Shanghai's average. This accounted for 64.8 percent of the city's total.

The automobile and aviation manufacturing sectors saw double-digit growth. The former generated 261.90 billion yuan in economic output, up 31.6 percent year-on-year and accounting for one-fourth Pudong's total industrial output. The latter increased by 20.5 percent, 2.7 percentage points higher than in 2019.

The electronic information manufacturing sector, led by industrial giants such as Pegatron Co, increased by 8.5 percent to 252.40 billion yuan. By the end of 2020, the decreasing rates of equipment complex and biomedicine industries were narrowed by 2.4 and 2.1 percentage points, respectively, compared with the first three quarters.