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Business overview

( ) 2020-04-06

Business overview

A corner of Jiading district in Shanghai [Photo/]

Facing an economic downward pressure in 2019, Jiading has nevertheless given top priority to steady growth and showed much resilience in seeking stable economic development.

Narrowed industrial production decline

In 2019, the total output value of Jiading's industries above designated size reached 571.66 billion yuan ($81.2 billion), down 6.3 percent year on year, or 4.1 percentage points less than the first half of the year.

Jiading's auto industry had annual output value of 407.39 billion yuan and its auto parts industry had an annual output value of 192.08 billion yuan, year-on-year decreases of 8 and 10.5 percent each and accounting for 71.3 and 53.9 percent of the district's total industrial output value.

In the first 11 months of 2019, industrial enterprises above designated size in Jiading made a total of 47.79 billion yuan in profit, down 20.9 percent year on year.

Strengthened emerging industries

In 2019, strategic emerging industries in Jiading achieved an industrial output value of 118.24 billion yuan, a growth rate of 5.1 percent. Such industries accounted for 20.7 percent of the district's total industrial output value above designated size, an increase of 3.2 percentage points over the same period last year.

In 2019, Jiading's four major emerging industries – integrated circuits and internet of things, new energy vehicles and automobile intelligence, high-performance medical equipment and precision medicine, and intelligent manufacturing and robotics – saw an output value of 51 billion yuan, growing 10.1 percent year on year. Such industries accounted for 14.3 percent of the district's total industrial output value above designated size, 2.3 percentage points higher than the same period last year.

E-commerce led economic growth

In 2019, Jiading saw 688.76 billion yuan in total merchandise sales, up 7.4 percent year on year and 4.3 percentage points higher than the same period last year. Retail sales of consumer goods reached a value of 13.25 billion yuan, up 8.2 percent year on year and 7.1 percentage points lower than the same period last year.

A total of 7.86 billion yuan in retail sales of consumer goods was made by Jiading's 15 commercial complexes and two commercial streets, a year-on-year increase of 13.6 percent.

The total value of e-commerce sales above the quota in Jiading reached 202.43 billion yuan, up 33.1 percent year on year, while retail sales of such e-commerce entities were valued at 84.37 billion yuan, growing 7.4 year on year.

Surging increase in service revenue

From January to November 2019, the 412 service enterprises above designated scale in Jiading achieved an operating revenue of 67.01 billion yuan, up 16.0 percent year on year.

The three major service industries in Jiading were leasing and business services, transportation, warehousing and postal services, and scientific research and technology services, which accounted for 28.4, 26.2 and 19.2 percent of the district's total operating revenue, respectively.

Slightly fall in fixed asset investment

Jiading realized a total of 36.33 billion yuan in fixed asset investment in 2019, down 4.4 percent year on year, of which private investment decreased 31.4 percent year on year to 10.69 billion yuan.

The four major investment areas, namely industry, real estate development, infrastructure, and social undertaking, showed a variety of rising and falling trends. Industrial investment grew 21.2 percent year on year to 10.84 billion yuan, while investment in real estate development decreased 12.7 percent year on year to 21.17 billion yuan. Investment in infrastructure and social programs declined significantly, with values of 2.09 and 1.03 billion yuan, respectively, down 24.4 and 26.9 percent year on year.



Jiading Fahua Pagoda

The Fahua Pagoda, 40.8 meters tall, is a square, brick-wood structure with seven stories, accessible by ladders.