Home> Business>Updates

Xiamen's high-tech industry up 10.2% from Jan-Oct

chinadaily.com.cn| Updated: Nov 28, 2019

火炬区.jpg

The Xiamen Torch Development Zone for High Technology Industries is a hub for the city's high-tech and high value-added enterprises. [Photo/xm.gov.cn]

The industrial added value of high-tech enterprises above a designated size totaled 99.2 billion yuan ($14.11 billion) in Xiamen, East China's Fujian province, in the first 10 months of this year, up 10.2 percent year-on-year, according to statistics released by the local government.

The city's total industrial added value rose 8.5 percent year-on-year to 147.56 billion yuan from January to October this year, and its high-tech industry also saw steady growth over this period, accounting for 67.2 percent of the city's total added value among industries above a designated scale.

Twenty of the city's 35 major industries saw an increase in industrial added value in the first 10 months of this year. Chemical fiber manufacturing, non-ferrous metal smelting and rolling processing, and the processing of agricultural and related products saw the fastest growth with 40.3 percent, 23.9 percent, and 20.9 percent year on year, respectively.

Huli district had the highest industrial added value in the city during this period, rising 10.8 percent year-on-year to 34.09 billion yuan.