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Anhui: Factors Behind the 7.6% Industrial Growth Rate in the First Quarter

Pub Date:24-05-06 16:58 Source:english.anhuinews.com

Since the beginning of this year, Anhui's industrial sector has continuously increasing its efforts in technological innovation and transformation. Not only has it delivered a growth rate of 7.6%, but it has also significantly improved development quality and efficiency, playing an important supporting role in the high-quality development of the province's economy.

Starting from the beginning of this year, Anhui has further promoted new industrialization, focusing on emerging industries such as the new generation of information technology and high-end equipment manufacturing, as well as future industries like aerospace information and life sciences. From January to March, there were over 6,700 industrial projects with an investment of over 100 million yuan in the province, an increase of nearly 600 compared to the same period last year. Among them, there were 197 projects with an investment of over 5 billion yuan, an increase of 59 compared to the previous year.

Chen Shanzhi, Director of the National Engineering Research Center for Mobile Communications and Internet of Vehicles, said, "From display technology, storage technology, to new energy vehicles and future-oriented intelligent connected vehicles, Anhui has very keenly grasped the development paths of new industrial technologies and gathered excellent leading enterprises. I believe Anhui is worth looking forward to."

While cultivating and developing emerging and future industries, Anhui has also given high priority to implementing large-scale industrial technological transformation. It has accelerated equipment upgrading, digital transformation, and more. In the first quarter alone, the province has implemented a total of 595 key technological transformation projects with an investment of over 100 million yuan, completing half of the annual target.

In terms of key industries, in the first three months, the electronic information and automotive sectors in Anhui Province contributed as much as 48.8% to industrial growth. The added value of the equipment manufacturing industry accounted for nearly 40% of the proportion of industries above designated scale, an increase of over 3 percentage points compared to the same period last year. Looking at the overall development, among the 41 major industrial categories in Anhui, 33 industries have seen a year-on-year increase in value added.

Source: anhuinews.com

Editor:Zheng Chen

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