Enterprises above designated size see added value growth of 6.5% in October
This photo taken on October 15, 2024 shows an intelligent steel cord workshop of a company in Huai'an City, Jiangsu Province. (CFP)
The added value of industrial enterprises above the designated size in Jiangsu Province increased by 6.5% year-on-year in October, including 10.2% growth for high-tech manufacturing companies.
Data showed that 31 out of the 40 major industrial sectors, or 77.5%, achieved positive growth. Notably, automobiles, electronic devices and pharmaceutical sectors recorded double-digit growth rates of 17.1%, 13.7% and 12.6%, respectively.
In this month, the export delivery value of industrial enterprises above the designated size increased by 5.3%, with the electronic devices sector accounting for 53.7% of the total.
The added value of high-tech manufacturing companies increased by 9.6% year-on-year in the first ten months and by 10.2% in October alone, marking two consecutive months of double-digit growth.