The economic report card for Jiangmen for the past two months shows that the added value of above-scale industries increased by 8.2% year-on-year.

On March 26, the Municipal Bureau of Statistics released the economic operation situation of Jiangmen for January and February. Overall, the city’s economic operation started smoothly and positively in the first two months, with steady industrial production growth, fixed asset investment turning from negative to positive, and the growth rate of industrial output above the designated size and fixed asset investment higher than the provincial average; the consumer market is warming up, foreign trade imports and exports are growing steadily, and the quality and efficiency of economic operations are steadily improving.

** 15 Key Industrial Chains Show Over 80% Growth**

Industry is the foundation of Jiangmen's economy and an important support for the high-quality development of the hometown of overseas Chinese. Data shows that in the first two months, the city's industrial added value above the designated size increased by 8.2% year-on-year, 0.3 percentage points higher than the provincial average during the same period. Among the 34 industrial sectors in operation in the city, 22 sectors achieved positive growth in added value, with computers, communications, and other electronic equipment, railway, ship, aerospace transportation equipment, and rubber and plastic products achieving double-digit rapid growth rates of 32.8%, 19.6%, and 11.3%, respectively.

In terms of manufacturing, the added value of the city's manufacturing industry above the designated size increased by 9.8% year-on-year in the first two months, driving the growth of the city's industrial added value above the designated size by 8.6 percentage points. Among them, the added value of advanced manufacturing and high-tech manufacturing industries above the designated size increased by 12.5% and 26.9%, respectively, with the added value of advanced manufacturing accounting for 43.8% of the total industrial added value above the designated size, an increase of 0.7 percentage points compared to the entire previous year.

From the perspective of industrial chains, in the first two months, the 15 key industrial chains in the city collectively achieved a year-on-year growth in added value of 9.6%, driving the growth of industrial output above the designated size by 7.7 percentage points, with 13 key industrial chains achieving positive growth, resulting in over 80% growth coverage. Among them, the added value growth rate of the new energy battery industrial chain reached 89.5%, ranking first among the 15 key industrial chains, while emerging industries such as silicon energy, rail transit, intelligent equipment, and petrochemical new materials achieved double-digit growth rates of 60.8%, 35.4%, 21.0%, and 18.8%, respectively. In traditional industries, the motorcycle industrial chain continued its strong growth trend, with added value increasing by 21.9%.

From the perspective of enterprises, in the first two months, large enterprises in Jiangmen experienced steady growth, while small and micro-sized enterprises achieved rapid growth, with significant support from private enterprises. Among them, the added value of large enterprises in the city's industrial sector above the designated size increased by 7.1% year-on-year; the added value of small and micro enterprises grew by 11.8%, contributing more than 60% to the growth. The added value of private enterprises in the city's industrial sector above the designated size increased by 9.9% year-on-year, contributing more than 60% to the growth of the city's industrial output above the designated size.

** “Three Engines” Work Together**

Investment, consumption, and exports are regarded as the "three engines" driving economic growth. In the first two months, our city's "three engines" worked together, with fixed asset investment turning from negative to positive, increasing by 3.6% year-on-year, 2.7 percentage points higher than the provincial average during the same period; the total retail sales of consumer goods increased by 2.1% year-on-year, accelerating by 1.2 percentage points compared to the same period last year; foreign trade exports reached 30.09 billion yuan, growing by 13.0%.

In terms of investment, industrial investment in Jiangmen increased by 24.2% year-on-year in the first two months, 20.3 percentage points higher than the provincial average during the same period. Among them, manufacturing investment grew by 12.5%; investment in the production and supply of electricity, gas, and water grew by 240.2%. In manufacturing investment, the relatively large computer, communication, and other electronic equipment manufacturing investment increased by 60.8% year-on-year, driving the city's industrial investment growth by 5.6 percentage points; electrical machinery and equipment manufacturing investment increased by 19.3%, driving the city's industrial investment growth by 2.2 percentage points.

In the first two months, the city's infrastructure investment increased by 10.9% year-on-year, among which investment in power-related projects grew by 240.2%, investment in water conservancy, environmental, and public facility projects grew by 8.1%, and telecommunications investment grew by 3.1%.

In terms of consumption and trade, in the first two months, certain upgraded products in the city performed well, with retail sales of cultural and office supplies above the designated size increasing by 300.5% year-on-year, household appliances and audio-visual equipment growing by 85.7%, communication equipment growing by 85.4%, sports and entertainment products growing by 69.3%, clothing, shoes, hats, and textiles growing by 36.7%, cosmetics growing by 25.1%, daily necessities growing by 23.2%, and hardware and electrical materials growing by 20.1%.

Online consumption maintained rapid growth. In the first two months, retail sales through public networks by units above the designated size in the city increased by 78.4% year-on-year, with the growth rate 67.3 percentage points higher than the same period last year.

In the first two months, the city's foreign trade import and export value was 34.58 billion yuan, a year-on-year increase of 11.2%, with the growth rate accelerating by 0.6 percentage points compared to the same period last year. Among them, exports were 30.09 billion yuan, growing by 13.0%; imports were 4.49 billion yuan, growing by 0.7%.

In the financial sector, the balance of deposits in both foreign and domestic currencies in the city's financial institutions was 820.343 billion yuan, a year-on-year increase of 5.5%. During the same period, the balance of loans in both foreign and domestic currencies in the city's financial institutions was 694.260 billion yuan, an increase of 5.8%, 1.0 percentage points higher than the provincial average during the same period.

□ Jiangmen Daily reporter Huang Zhiyao Correspondent Jiang Tongxuan

【Source: Jiangmen News Network_Jiangmen News】