Xiamen enjoys strong economic growth in Q1

The added value of industries above designated size in the coastal city of Xiamen, East China's Fujian province, increased by 32.6 percent year-on-year in the first three months of this year. [Photo/xmnn.cn]

The added value of industries above designated size in the coastal city of Xiamen, East China's Fujian province, increased by 32.6 percent year-on-year in the first three months of this year, ranking second in the province, according to statistics released by the city's industry and information technology authority.

The added value of industries above designated size in 32 of 35 industrial sectors surveyed showed improvements over the same period of 2020 in terms of inter-computer communication, electronic equipment manufacturing, and plastic and rubber products.

High-tech enterprises played a leading role in the city's economic growth, and the added value of high-tech enterprises saw a year-on-year increase of 51 percent. New products related to new energy vehicles, the integrated circuit sector, and smart televisions also saw a boom in the January to March period.

The city's flat panel displays and computer and communication equipment reported gross industrial outputs of 38.03 billion yuan ($5.93 billion) and 32.02 billion yuan, respectively, in the first three months of the year, increasing by 21.6 percent and 22.1 percent year-on-year.

Statistics show that 1,914 of the 2,523 industrial enterprises above designated size increased production capabilities during this period.