Pudong sees steady economic growth in H1

Pudong New Area in East China's Shanghai reports a stable economic growth in the first half of the year. [Photo provided to english.pudong.gov.cn]

Pudong New Area in East China's Shanghai registered stable economic growth in the first half of the year, according to official data.

The total output value of industrial enterprises above designated size in Pudong reached 653.6 billion yuan ($89.6 billion) in the January-June period, up 17.5 percent year-on-year, and in June alone, the output value of the area's industrial enterprises above designated size hit 115.1 billion yuan, the highest this year.

Leading enterprises in Pudong achieved faster growth in the first six months of the year. The total output value of the area's top 100 industrial enterprises accounted for 80.5 percent of Pudong's total value, growing 18.7 percent year-on-year, 1.2 percentage points higher than the average level in Pudong.

Private enterprises showed robust growth momentum during the period, and the output value of private enterprises in Pudong reached 66 billion yuan, growing 13.2 percent year-on-year.

In the first half of the year, the total industrial output value of the automotive and electronic information manufacturing industries in Pudong reached 322.1 billion yuan, accounting for 49.3 percent of the area's total industrial output value.

During that period, the strategic emerging industries in Pudong achieved a total industrial output value of 361.6 billion yuan, an increase of 27.7 percent year-on-year. Among the area's eight key industries, the new energy vehicle industry had the largest production scale as the output value grew 67.7 percent year-on-year to 134.2 billion yuan.

The four key areas of Lin-gang Special Area, Zhangjiang High-tech Zone, Jinqiao Economic and Technological Development Zone, and the Waigaoqiao Bonded Area in Pudong achieved a total industrial output value of 437.7 billion yuan from January to June, accounting for 67 percent of the total amount of Pudong, growing 20.4 percent year-on-year. Among them, Lin-gang registered the highest growth rate of 54.3 percent year-on-year.